Blog
Monday
2
FEBRUARY
2015
How the BoC overnight rate cut affects homeowners
The Bank of Canada recently announced a cut to the overnight rate from 1% down to .75%. This can be seen as a proactive approach to protect the Canadian economy from the potential risks due to lower oil prices.
Here’s what this cut to the overnight rate might mean to you...
Saturday
5
NOVEMBER
2011
Bank of Canada holds Benchmark Overnight Rate at 1%
A few short months ago the common wisdom among investment practitioners was that the Bank of Canada would start to raise interest rates again, following the rate increases from the European Central Bank (ECB) the Bank of Australia. Since then the...