Posts tagged bank of canada
Canadian Banks raise Prime .25%, Are all rates about to raise ?
Jun 3rd
That’s right Canada, the Bank of Canada decided that June 1st 2010 was a good time to increase the Prime rate from 2.25% to 2.5%.
To quickly define, here are the main points:
- only effect those with Variable Rate Mortgages
- average payment will increase $22 / Monthly
- Prime More >
Bank of Canada leaves rates unchanged… Now what ?
Oct 22nd
The Bank of Canada on Tuesday said it kept its overnight rate target at 0.25% and repeated its conditional commitment to keep it there until the end of the second quarter of 2010. “Global economic and financial developments have been somewhat more favourable than expected at the time of the More >
How long will rates stay low?
Oct 20th
Low rates look safe for a while
“There are arguments that this country needs an extended period of credit coddling.”
With Canada’s economy looking perkier than expected and Australia’s central bank having sprung the world’s first rate-hike surprise two weeks ago, murmurings have arisen that the Bank of Canada could More >
