Tag Archives: bank of canada

During the interest rate announcement on April 12, 2011, Mark Carney, Bank of Canada Governor, left the over night lending rate at 1% which is great news for anyone with variable rate mortgages.  There’s also speculation that the first interest rate hike will come in July which will give buyers enough time to get their pre-approvals in place and purchase …

My take on the report issued by Scotiabank and recent interest rate announcement by Bank of Canada

SOURCE TORONTO (AP) — Canada’s central bank cut its key interest rate by a quarter-point on Tuesday, saying Canada needs the stimulus to ward off the effects of a United States already in recession and a global economy heading there. The cut to 2.25 percent Tuesday follows an unscheduled half-point reduction Oct. 8 in co-operation with other major central banks …