The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on January 17th, 2012. This marks the 11th consecutive policy meeting in which borrowing costs have been left unchanged.
While recognizing that the outlook for the global economy had deteriorated and that uncertainty had increased since it released its October Monetary Policy Report (MPR), the Bank also made those same observations ...
Posted by Constantine Isslamow
on January 19, 2012
In no rush to hike interest rates
The Bank of Canada held its trend-setting Bank Rate at 1.25 per cent on May 31, 2011. This marks the sixth consecutive policy rate announcement for which interest rates have been kept on hold.
The Bank now sees headline inflation as staying above 3 per cent in the short term. It nonetheless maintained its inflation outlook included in its April Montary ...
Posted by Constantine Isslamow
on June 4, 2011
The Bank of Canada raised its benchmark interest rate by 25 basis points for the second time in two months, even as households and governments in the developed world continue to cut back on spending. The rate is now 0.75 per cent. The bank said any further increases “would have to be weighed carefully against domestic and global economic developments.” The central bank ...
Posted by Constantine Isslamow
on July 20, 2010
Once again, the Bank of Canada announced it would keep the key interest rate at a record-low 0.25 per cent to achieve its inflation target of two per cent.
While the Bank said economic growth in Canada resumed in the third quarter of 2009 and there has been a slightly higher than expected rate of inflation in recent months, it reiterated that the economy is still lagging, particularly due to factors ...
Posted by Constantine Isslamow
on January 19, 2010
Bond Type
November 25, 2009
December 9, 2009
December 23, 2009
1 year Treasury Bill
0.48%
0.53%
0.66%
3 year Benchmark Bond Yield
1.62%
1.67%
1.82%
5 year Benchmark Bond Yield
2.41%
2.47%
2.70%
10 year Benchmark Bond Yield
3.25%
3.32%
3.57%
Source: ...
Posted by Constantine Isslamow
on January 7, 2010
The Bank of Canada left its key lending rate at 0.25%…as pretty much the whole world expected.
Not much changed from the Bank of Canada’s last announcement in October. In its statement today it said:
“The target overnight rate can be expected to remain at its current level until the end of the second quarter of 2010.”
“While significant fragilities ...
Posted by Constantine Isslamow
on December 9, 2009
The Bank of Canada is widely expected to keep its hands off interest rates Tuesday, holding them at near zero and committing to do so until at least July, despite growing evidence the economy is kicking back to life.
Fears of prolonged economic stagnation eased Friday with a report showing employers hired five times as many workers as expected. The data supported the Bank of Canada's view that economic ...
Posted by Constantine Isslamow
on December 7, 2009
September 10, 2009
0.25%
October 20, 2009
0.25%*
December 8, 2009
Next meeting date
It's Your Career - I'm Here To Support YOU!
Constantine Isslamow
Real Estate Broker/Mortgage Broker/Manager
Century 21 United Realty Inc. Brokerage/CENTUM Core Financial Inc.
Independently Owned and Operated
www.Twitter.com/ConstantineC21 ...
Posted by Constantine Isslamow
on November 6, 2009
Bank of Canada interest rate remains at 0.25 per cent
The Bank of Canada has left its key overnight interest rate unchanged at 0.25 per cent.
Great news for our variable mortgage that holds steady at 2.25%
It's Your Career - I'm Here To Support YOU!,
Constantine Isslamow
Real Estate Broker/Mortgage Broker/Manager
Century 21 United Realty Inc. Brokerage/CENTUM Core Financial Inc.
Independently ...
Posted by Constantine Isslamow
on October 20, 2009
Bond is up by more than 22 points in the last day, and expect to see movement early next week if the bond stays where it is at.
Low
05/10/2009
2.48
Average
28/09/2009 - 08/10/2009
2.55
High
08/10/2009
2.63
28/09/2009
2.57
29/09/2009
2.58
30/09/2009
2.57 ...
Posted by Constantine Isslamow
on October 10, 2009