Blog by Tomasz Wdowczyk

Mortgage Report

December 26th, 2012

Bank of Canada will keep the overnight lending rate at 1.00 per cent.

The overnight rate is important to Canadian mortgage owners because it influences the interest rates at which banks can borrow, which then trickles down to the consumer level.

The Bank of Canada looks at a number of factors when determining monetary policy, such as levels of household debt, foreign and domestic economic ...

New Years

December 26th, 2012
new Years 2

Christmas

December 16th, 2012
christmas message

Bank of Canada Report

December 6th, 2012

Bank of Canada: Official statement

Dec 4, 2012

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

In Canada, economic activity in the third quarter was weak, owing in part to transitory disruptions in the energy sector. Although underlying moment ...