Bank of Canada Summer 2011
Not Changing Key Rate For Awhile The Bank of Canada (BoC) this summer decided to leave their key overnight lending rate alone at 1%, and thus leaving the Canadian Prime Rate at 3%. BoC is between a...
View ArticleKey Bank of Canada Rate Remains the Same
Has Not Changed in a Year, Not likely to Change For Quite Some Time Ideas previously extolled in media about rate hikes this year are completely unfounded now. 1.) Strength in Canadian currency, 2.)...
View ArticleBank of Canada Maintains Overnight Rate Target at 1%
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The...
View ArticleBank of Canada Makes No Change in Key Rate Last Week
Economic news this week further endorses BoC holding rate steady “Ongoing excess supply” in the economy has yielded stable prices. Any fear of inflation seems to be subdued by this and the mess in...
View ArticleBank of Canada Maintains Overnight Rate at One Percent
Today the BofC again decided to leave it’s key rate alone. They have not adjusted their key overnight lending rate since September of 2010. Although there is a bit of a concern that Canadians are...
View ArticleBeware the IRD Mortgage Penalty
IRD, a home owner's most feared three letter acronym! Clients looking to refinance their existing mortgage to lower their rate or moving to a new property, run into this term every time, especially...
View ArticleBank of Canada Announces Continued Rate Stability
The BoC has again decided to leave it’s key overnight lending rate at 1%, where it has been for almost three years now. New BoC governor Stephen Poloz, has warned that the Alberta flood and the Quebec...
View ArticleDecember 2nd Bank of Canada Rate Announcement
Today the Bank of Canada announced that it will maintain its key overnight rate for the time being. In its announcement, the Bank said it will maintain the target for the overnight rate at .5 percent...
View ArticleBank of Canada Makes No Changes Today
The Bank of Canada announced today that it will be holding the line on any Bank interest rate changes at this time. With a slower Canadian economy (projected GDP growth of 1.5%) vs. the US (projected...
View ArticleStories from the Battle Front: Choose the Right Mortgage Broker
A client of ours recently wrote about their experience for others to benefit: “For us, dealing with someone we trusted who had extensive experience in the mortgage lending field was a necessity....
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