Bank of Canada drops Interest Rate by .75%

Bank of Canada Cuts Interest Rate The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a ... to encourage credit flows, although it will take some time before conditions in financial markets ... inflation than had been projected at the time of the last Monetary Policy Report in October. Several [more...]

Date: 2008-12-09 17:19:05

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The Teflon Maple Leaf: TD Securities

Eric Lascelles, TD Securities’ Chief Economics Strategist, points out that the Canada has the highest sovereign debt ratings in the world, ... Canada over the U.S. in bonds. Third, throughout the credit crunch, Canadian bonds have been less ... in his latest report, “The Teflon Maple Leaf.” Lascelles points to several key areas: A peek [more...]

Date: 2008-10-31 22:03:35

Bank of Canada lowers bank rate by three quarters of a percent!

The bank of Canada just announced a huge reduction in the prime interest rate ... governments are beginning to encourage credit flows, although it will take some time before conditions ... profile for core inflation than had been projected at the time of the last Monetary Policy Report [more...]

Date: 2008-12-09 15:14:28

Bank of Canada overnight rate statement

From the BoC Web site: OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a ... to encourage credit flows, although it will take some time before conditions in financial markets ... inflation than had been projected at the time of the last Monetary Policy Report in October. Several [more...]

Date: 2008-12-09 14:04:00

A Bailout For The Big 3

Another currency rally….  Bank of Canada cuts 75 BPS!…  A Santa rally?… What Asia thinks… And Now… Today’s Pfennig! ... the dollar in check, folks… The Bank of Canada (BOC) did cut rates yesterday 75 BPS… You may recall ... t understand the mentality here with these Central Bank rate cuts… It’s not the cost of the credit that’ [more...]

Date: 2008-12-10 13:55:26

TD Rate Down 0.15%

That is the epilogue to the Bank of Canada rates dropping by 0.25% yesterday, so TD again shaves 0 ... back that 0.1% is if they find they are losing income from people with loans or lines of Credit taking ... , I will investigate and report on them). It’s interesting that TD announced their “prime” to be 4.00 [more...]

Date: 2008-10-22 10:40:15

Debt Consolidation in Canada Can Be an Attractive Solution

With the way things are in the economy at the moment, ... benefits to debt consolidation in Canada including making your debts easier to manage with one single ... that charged punitive interest rates such as credit cards. There are many different ways [more...]

Date: 2009-01-15 16:59:58

Bank of Canada Drops Prime 0.75%

The Bank of Canada surprised most by lowering the overnight target rate by 0.75% to 1.5%. There was talk of as much as 0 ... are beginning to encourage credit flows, although it will take some time before conditions in financial ... profile for core inflation than had been projected at the time of the last Monetary Policy Report [more...]

Date: 2008-12-09 19:15:22

Bank of Canada - Another 0.75% Cut (Prime Now at 3.25%)

Prime rate has been cut by 0.75% by Bank of Canada.Current Prime Rate: 3 ... strained. Measures taken by major governments are beginning to encourage credit flows, although ... of the last Monetary Policy Report in October. Several factors are helping to counterbalance [more...]

Date: 2008-12-09 18:22:00

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