Highlights / central bank

Economy, Politics, Society

Bank of Canada makes sudden unscheduled lending-rate drop

Today Canada’s central bank made an unscheduled announcement concerning its overnight lending rate, the rate upon which lending banks base their own rates to consumers and business. The next scheduled bank announcement had been set for April 15, but this »


Canada’s central bank rate- steady as she goes

In the latest update, the Bank of Canada has held its overnight lending rate unchanged at 1.75 per cent. In doing so it said while the global economy shows signs of stabilisation along with some positive trade developments, “there remains »

Economy, International

Bank rate Canada: steady as she goes

Saying its October predictions for global economic growth held, and that the global economy seems to be stabilizing, Canada’s central bank continued to buck the international and did not change its rate this week. The bank announced yesterday that the »