Today the Bank of Canada lowered its target for the overnight rate by 50 basis points to 1.25 per cent. Alarms sounded around the world on...
TORONTO — Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent, effective March 5. The moves by the...
TORONTO — The Bank of Canada cut its key lending rate by half a percentage point on Wednesday over concerns of the novel coronavirus. Here’s some of...
The federal government is changing the stress test rate for insured mortgages starting April 6.
The Bank of Canada is maintaining its key target interest rate at 1.75%, and the reasons given are board and point fingers everywhere. From general statements...
Governor Stephen Poloz announced for the ninth consecutive time that the benchmark rate would remain unchanged at 1.75%. During the past 12 months, nearly 40 other...
OTTAWA — Bank of Canada governor Stephen Poloz says the economy needs a longer lift from stimulative interest rates to overcome domestic and global economic hurdles, though he predicts the...