Bank of Canada finally raises interest rate

Bank of Canada finally raises interest rate

For the first time in 7 years, the Bank of Canada didn’t announce that they were keeping their overnight rater at 0.5%. Instead, they announced this week a rate increase: to 0.75%. The bank cited economic growth—both domestic and international—for their position...
Bank of Canada holds interest rates at 0.5%

Bank of Canada holds interest rates at 0.5%

Earlier this week, the Bank of Canada sidestepped a cut to its key overnight rate, keeping it at 0.5%. Even thought there has been a stronger-than-expected run in the economic data, the Bank isn’t convinced that the economy has yet shown it has what it takes to stick...
What the US rate hikes mean for Canadians

What the US rate hikes mean for Canadians

As Pierre Trudeau once said about living so close to the United States, “Living next to you is in some ways like sleeping with an elephant. No matter how friendly or even tempered is the beast, one is affected by every twitch and grunt’. That statement, said almost 40...
Bank Of Canada keeps interest rates the same

Bank Of Canada keeps interest rates the same

If one of your new year’s resolutions was to get back on track with your financial goals and wealth growth plans, now is a perfect time. Our goal this year is to mitigate the impact of interest rate changes to you. I’ll show you ways to have more of your hard-earned...
Farewell to 2016

Farewell to 2016

What a year 2016 has been, from the many mortgage rule changes in Canada that created great confusion and questions to the most of interesting US elections and now rising interest rates in the US. The US Federal Reserve recently pushed interest rates up by just 0.25%,...
Bank of Canada keeps rate low, economic growth too slow

Bank of Canada keeps rate low, economic growth too slow

The Bank of Canada announced this week that because of slow economic growth in Canada, they were keeping their overnight rate at 0.5%. The rate has remained unchanged since July 2015. “Looking through the choppiness of recent data, the profile for growth in Canada is...

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