bank of canada: Bank of Canada keeps overnight rate target at 3 per cent - 09/03/08 09:16 AM
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.
The three global developments highlighted in the July Monetary Policy Report Update … (0 comments)
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bank of canada: Bank of Canada Holds Line on Interest Rates - 07/18/08 08:08 AM
The Bank of Canada declined to change its trend setting interest rate (aka "key policy rate" or "overnight rate") on Tuesday July 15. It stands at 3.00% where it has been since April 22.
The Bank says that three major developments are affecting the Canadian economy at this time:
the protracted … (3 comments)
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bank of canada: Canada housing market - 07/13/08 07:00 PM
Conditions in the Canadian housing market remain “favorable,” with overall prices rising and few signs of excess supply, Sheryl Kennedy, deputy governor of the Bank of Canada, said in a speech on Monday.
“The moderation in activity and price increases that we have seen in recent months is both expected … (2 comments)
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bank of canada: How Long Can The Great Canadian Drunken Housing Orgy Last? - 06/29/08 08:10 PM
29-06-08-01
The
deputy governor of the Bank of Canada, Sheryl Kennedy said
earlier this week that the prices of homes in Canada have risen, and
the
general housing conditions are good overall. She attended an investment
conference in Alberta and stated, "The moderation in activity and price
increases that we … (0 comments)
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bank of canada: Bank of Canada keeps overnight rate target at 3 per cent - 06/10/08 08:34 AM
OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.
Since the April Monetary Policy Report (MPR), economic developments have … (0 comments)
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bank of canada: Canadian Mortgage Rates Predicted to Drop - Bank of Nova Scotia - 06/05/08 01:28 PM
Good afternoon everyone,
This news is courtesy of my friend Joe Devison, AMP who is the manager-broker at Centum Mortgage House here in the Halifax-Dartmouth region.
"Joe reports that the Bank of Nova Scotia predicted today that the Bank of Canada could drop the prime lending rate by 25 Basis Point's this coming Tuesday (June … (0 comments)
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bank of canada: Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent - 04/22/08 08:55 AM
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 1/4 per cent.
Growth in the global … (5 comments)
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bank of canada: Bank of Canada lowers overnight rate target by 1/2 percentage point - 03/05/08 06:49 PM
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 3/4 per cent.Information received since the … (0 comments)
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bank of canada: Bank of Canada Rate Cut - 01/25/08 02:48 PM
The Bank of Canada cut interest rates for the second time in two months by 0.25% and strongly signalled that it may cut rates further noting that "further monetary stimulus is likely to be required in the near term". Despite speculation in the press that the banks may not match a … (0 comments)
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bank of canada: Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 1/4 per cent - 12/04/07 04:58 PM
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/2 per cent.
Since the October … (0 comments)
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bank of canada: Bank of Canada cuts Interest Rate - 12/04/07 09:36 AM
The high Canadian dollar and turmoil in credit markets have prompted the Bank of Canada to cut its key interest rate by a quarter point to 4.25%
The move indicates that the central bank fears the Canadian economy is about to be sideswiped by a rapidly slowing U.S. economy and tighter credit … (3 comments)
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bank of canada: Are mortgage rates on the decline? - 11/19/07 04:35 PM
Loonie loses ground in wake of Dodge statements to The Canadian Press TORONTO - The Canadian dollar lost some ground this morning after Bank of Canada governor David Dodge raised the possibility of an economy-boosting interest rate cut during the weekend.
The currency declined 0.65 of a cent to 102.04 cents (U.S.). … (2 comments)
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bank of canada: Interest rates remain the same - 10/17/07 01:39 PM
As expected, there was no change in prime at the Bank of Canada announcement this morning because tighter credit conditions and the high currency is sucking the steam out of the Canadian economy.According to the Central Bank, the economy is operating in overdrive but it predicts this trend won't last for … (0 comments)
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bank of canada: Bank of Canada keeps target for the overnight rate at 4 1/2 per cent - 10/16/07 01:45 PM
OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 3/4 per cent.
Against a backdrop of robust global economic expansion and strong commodity prices, information received since the … (0 comments)
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bank of canada: Bank of Canada keeps rate the same - 09/06/07 12:05 PM
In announcing that they are keeping rates steady, the Bank of Canada talks about the upside and downside risks of the current market. Bottom line is that short term rates are the same for now and that they will be watching closing what happens in the world markets.
This will mean … (0 comments)
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bank of canada: Bank of Canada keeps target for the overnight rate at 4 1/2 per cent - 09/05/07 09:47 AM
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 3/4 per cent.
Near-term prospects for economic growth outside North America appear to be slightly stronger than anticipated in the July … (0 comments)
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bank of canada: MLS Trends for Eastern Newfoundland - Second Quarter of 2007 - 07/25/07 10:31 AM
We got the news, we got the graphs to prove it, and hot off the press are the MLS Trends for the second quarter in the Eastern Region of Newfoundland.
There's no mistaking it now - its a Buyers Market!!!! We danced around the "balanced market" but Realtors know a bit … (2 comments)
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bank of canada: Bank raises rate by 1/4 percentage point to 4 1/2 per cent - 07/10/07 10:42 AM
Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent resulting in all major chartered Bank raising their Prime Rates to 6.25%
OTTAWA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 … (0 comments)
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bank of canada: Bank of Canada Announcement - 05/29/07 02:08 PM
OTTAWA- The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent.Information received since the April Monetary Policy Report Update (MPRU) indicates … (0 comments)
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bank of canada: Higher rates ahead, loonie hits a 30-year high - 05/29/07 10:22 AM
BoC signals it may boost interest rates to keep inflation in check
With inflation and economy running ahead of expectations, the Bank of Canada signaled that it may boost interest rates to keep inflation in check. While the Bank left it's key lending rate unchanged, it sent strong signals that a hike … (3 comments)
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