Hello Google Searchers! A post about the March 3, 2009 announcement can be found here! This morning, the Bank of Canada lowered its key overnight lending rate (the rate at which it lends funds to Canada’s commercial banks) to 1%, slashing it a further 0.5% and taking to 3.5% the total amount shaved off theContinue reading “Bank of Canada Cuts Interest Rate To Lowest Rate In History At January Meeting”
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Bank of Canada Slashes Interest Rates In December 2008 Meeting
UPDATE JAN 20, 2009: Click Here In an effort to provide economic stimulus, the Bank of Canada has lowered its key overnight interest rate by 3/4 of a percent to 1.5% in its meeting today. Since the Canadian economy has been effectively hung out to dry by the political three-ring circus in Ottawa, I’m notContinue reading “Bank of Canada Slashes Interest Rates In December 2008 Meeting”
Bank Of Canada Expected To Cut Interest Rates
UPDATE: APR 22, 2008 RATE ANNOUNCEMENT Don’t forget, the Bankof Canada meets tomorrow, April 22nd, 2008. The Bank is expected to cut interest rates by another 50 basis points (0.5%) to generate some stimulus in the weakening economy. This is of course great news for anyone on floating rate mortgages and buyers of real estate.Continue reading “Bank Of Canada Expected To Cut Interest Rates”