Reasons Why a Rate Hike is on the Horizon
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Reasons Why a Rate Hike is on the Horizon

There’s speculation the Bank of Canada may raise its key interest rate at its next scheduled announcement on July 12, due to comments Bank of Canada Governor Stephen Poloz recently made to the media about the conditions needed for higher rates… Continue reading »

No Surprise: Bank Leaves Interest Rate Untouched
Banking 101 / Economic News / RSM News

No Surprise: Bank Leaves Interest Rate Untouched

As universally expected, the Bank of Canada is maintaining its target overnight rate at 0.5 per cent. It’s been at this level since mid-2015, so in other words, this is the 15th consecutive meeting where rates have remained unchanged. In its accompanying statement, the Bank says there are still several key reasons for keeping rates at near historic lows… Continue reading »