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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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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 – 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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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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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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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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Bank of Canada – Departure from 2% Inflation Target?

It is not news that Bank of Canada left the overnight target rate as-is (@1%). Prime rate remained at 3% for now. The chorus of the lenders about restriction in the delivery mechanism may be a prelude to push prime up in future – but that is

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Bank of Canada – Rate Announcement

It is just a less than a day away – the Bank of Canada rate announcement. All eyes are set on the bank to see how they react to the latest market changes. Housing is allegedly crashing and inflation is low – how would these influence the

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Bank of Canada to Stay Still – Update

There is nothing pushing Banks of Canada to raise the bar on the interest rate. European mess, weak US recovery, hospitalized Canadian manufacturing sector and under two “so-called” core inflation. All the indicators are in favour of the Bank to wait for a better time. It is

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Bank of Canada rate update – a media round-up

Today BOC announced that it wants to maintain the target overnight rate at the same level. That is the bottom-line of the story. But there is something more to it. As a borrower you may want to know what it means for you. There are two ways

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Bank of Canada Overnight Target Rate Remains The Same

One more pass

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