As 2016 winds down, it appears more and more that U.S. Fed chair Janet Yellen will announce an interest rate hike before we ring in the new year. How would this impact Canadians? Read on to find out more.
No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages.
Bank of Canada Governor Stephen Poloz has stated economic conditions in Canada will be “atrocious” in Q1. How should Canadian consumers react to this news?
Big banks have been slicing 10 basis points off their fixed rates, while the BoC keeps the central rate at status quo. Is is a good time to jump into the housing market?
This week, the Bank of Canada announced no change for its Overnight Lending Rate, the central interest rates that set the benchmark for the cost of borrowing in Canada. Governor Stephen Poloz followed the announcement with a few statements on our economy’s biggest risk factors. Read on for his main takeaways.
With no change made to the Bank of Canada’s Overnight Lending Rate since September 2010, economists look the the perceived “rate bias” indicated in the wording of rate announcements. This bias is seen as a hint of where rates may go next, and are powerful enough to influence global markets.