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Bank of Canada – Overnight Rate set to 0.5% – After 5 years

Bank of Canada today reduced it’s target overnight rate one more time. The bank surprised many experts in last January by lowering its target rate, now once more, the bank decided to cut the rate by quarter percent point. Like gasoline price, prime rate do not appear

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Growing inflation, how much worried should you be?

Canadian 5 year Bond Yield - One month trend - June 2014

Last week Canadian consumer price index made a lot of headlines, by reaching 2.3% in May 2014. For the first time in two years that inflation went about 2% mark. As a result all the investors thought that this is a clear indication of future rate hike.

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Bank of Canada has no news for Canadian borrowers

Canadian latest overnight lending rate and Prime bank rate - BoC
Canadian Interest Rates Bank of Canada, as usual, once more decided not to move its overnight target rate. The bank, Canadian central bank that is, controls overnight lending or short-term lending between Canadian financial institutions using target overnight rate. A low overnight target rate ensures that theRead more

Bank of Canada likely to maintain current course

The Target Overnight Rate is important to a borrower because it is somewhat loosely tied to the Prime Lending Rate set by the lenders. Today the Canadian Central Bank will once again announce its target for the Overnight Lending Rate till 16 April 2014. Experts are not

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Bank of Canada – A Briefing on Canadian Residential Mortgage Market

Lensers share of residential mortgage market - Bank of Canada

Housing market and mortgage borrowing have been a thorn on the policymakers seats for a while. No one bar the buyers from buying a home and at the same time nothing stopping them to dig deeper into mortgage debt. From the supervisory perspective this is dangerous. This

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Bank of Canada – Target Overnight and Qualifying rate standing still

Bank Of Canada Benchmark Five Years Bond Yield Vs Qualifying Rate December 2013

in Soon, Bank of Canada will announce its target overnight rate for next month and a half. All the speculations are pointing towards no change. Recent weakness in Canadian currency is not a reason for the bank to be alarmed and it is a good thing for

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OECD, Fitch and Bank of Canada Chief have nothing in common

OECD is very optimistic about Canadian economy. It thinks that Canada is heading towards the right direction and it will get out of the current economic turmoil soon. It thinks that Canadian economy will attain its glorious 2% inflation target by the end of 2015. In its

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Bank of Canada – must remain a spectator for a while

Central banks generally talk about rate hike when the economy is booming. Canadian economy shows no sign of any solid performance except housing sector. The issue with Canadian housing sector is – it appears to be founded on quick sand of speculation. Bank of Canada is not

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Rates will go up and we know that – Poloz

A seven years bubble will leave a seven years crater once it bursts – according to Bank of Canada Governor Stephen Poloz. Although we have almost made it through the recession but few more miles still remain to be gained. Despite of him defining the most recent

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Bank of Canada – Remained on the sideline for more than three years now

The bank did not have any compelling case to push the overnight lending rate up. Canadian dollar started its descend and global economy is not showing any promising recovery yet, inflation is still within its target – why make a move? Canadian economy still facing output gap

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Qualifying rate will go up soon

Yesterday BMO moved its special discounted rates up by 0.2%. Today RBC followed the same road. They have jacked up their rates by the same amount. Along with its discounted rates RBC went a step further – it has increased the posted five years fixed rate to

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Dawn is a year away for Canadian Overnight Lending Rate

Bank of Canada manages the overnight lending rates between banks. It oversees the interbank lending through its large value transfer mechanism (Large value is not really large sum of money, it could be much less too – it has to fall under a particular category of transaction

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