This morning at its June 1, 2010 meeting, the Bank of Canada raised its key overnight lending rate (the rate at which it lends funds to chartered banks) one-quarter per cent (25 basis points) to 0.5%, its first rate hike in almost three years. What can we expect? Banks will be increasing their prime lendingContinue reading “Bank Of Canada Raises Interest Rate to 0.5% At June 2010 Meeting”
Tag Archives: interest rate
Bank Of Canada Cuts Interest Rate to 0.25% At April 2009 Meeting
To the surprise of many analysts, this morning at its April 21, 2009 meeting, the Bank of Canada cut its key overnight lending rate (the rate at which it lends funds to chartered banks) another half-percent to 0.25%, continuing the trend of historic low rates in an effort to stimulate the economy. Since December 2007,Continue reading “Bank Of Canada Cuts Interest Rate to 0.25% At April 2009 Meeting”
Bank Of Canada Cuts Interest Rate to 0.5% At March 2009 Meeting
UPDATE: CLICK FOR THE APRIL 21st, 2009 INTEREST RATE ANNOUNCEMENT This morning at its March 3, 2009 meeting, the Bank of Canada cut its key overnight lending rate (the rate at which it lends funds to chartered banks) another half-percent to 0.5%, continuing the trend of historic low rates in an effort to stimulate theContinue reading “Bank Of Canada Cuts Interest Rate to 0.5% At March 2009 Meeting”
Bank of Canada Cuts Interest Rate To Lowest Rate In History At January Meeting
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”
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 Cuts Interest Rate – Mar 4, 2008
UPDATE: APR 22, 2008 RATE ANNOUNCEMENT Key rate cut by 1/2 per cent Citing deepening woes in the U.S. economy that could further affect the Canadian and world economies, the Bank of Canada has slashed its key overnight lending rate by one-half per cent to 3 1/2 per cent. The Bank says that further economicContinue reading “Bank Of Canada Cuts Interest Rate – Mar 4, 2008”
Bank Of Canada Cuts Interest Rate – Jan 22, 2008
As expected, Bank of Canada cuts the key lending rate by 1/4 per cent. The Bank of Canada this morning announced its expected 1/4% cut in Canada’s mortgage-rate setting overnight lending rate. The anticipated move is made to ensure that the Canadian economy continues to grow, despite continuing struggles in the world economy dealing withContinue reading “Bank Of Canada Cuts Interest Rate – Jan 22, 2008”
2007: A Surprising Year for Victoria and Sooke Real Estate
Year-end and December 2007 Statistics Released The Victoria Real Estate Board has released the December 2007 and year-end statistics: Real Estate Records Broken in 2007 The value of all property transactions through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) hit a new record of over $4.1 billion in 2007, up from $3.3 billionContinue reading “2007: A Surprising Year for Victoria and Sooke Real Estate”