Highlights / interest rates


Bank of Canada: Negative interest rate, ‘in the toolkit’

Around the world economies are suffering from the effects of the pandemic and central banks have lowered interest rates as one measure to mitigate the effects. Here in Canada, several reports have indicated that an economic recovery which seemed to »

Economy, Society

Nearly half of Canadians within $200 of insolvency: poll

Nearly half of Canadians (46 per cent) reported being within $200 of insolvency as of the end of the holiday season, according to the latest MNP Consumer Debt Index conducted by Ipsos. In addition, nearly six-in-ten (57 per cent) said »


Bank of Canada holds key interest rate steady at 1.75%

The Bank of Canada left its key interest rate unchanged today as it tries to weigh the impact of the slowing global economy and trade wars on the Canadian economy. The central bank is holding its benchmark rate at 1.75 »

Economy, International, Politics, Society

Canada: no hike in interest rate- for now

After a lengthy and almost unprecedented level of low interest rates, Canada’s central bank had begun a slow hike in rates. This comes as the economy begins to recover and inflation has risen to about 3%. However, the Central bank »


Bank of Canada maintains key interest rate at 1.25 per cent

The Bank of Canada decided to keep its benchmark interest rate unchanged on Wednesday, but warned of rate hikes to come as inflation heats up. The target for the overnight rate, which impacts rates that Canadian consumers and businesses get »

Economy, Highlights, Society

Interest rates: Canadians living too close to the edge

A million Canadians are living on borrowed time, and borrowed money. A new survey shows a mere 0.25 percent increase in lending rates would push some 700,000 Canadians into a financial squeeze. Increase the lending rate by one full point, »


Bank of Canada maintains key rate at 0.5 per cent

The Bank of Canada is keeping its benchmark interest rate unchanged at 0.5 per cent even as it downgrades its growth outlook for Canada’s economy hit hard by plummeting oil and commodity prices. The rate affects the saving and borrowing rates »

Economy, International

Bank of Canada maintains interest rate at 1%

As expected, the Bank of Canada made no change in its key policy interest rate Wednesday (September 4), leaving it at the one per cent level it has been at for the past three years. In a statement released Wednesday »