Bank of Canada

Bank stands pat on rates

Surprising virtually no one, the Bank of Canada will maintain its target overnight rate at 1%. The corresponding bank rate will remain at 1.25% and the deposit rate will still be 0.75%.

March 8, 2012

2 min read

Faceoff: Keynes versus Hayek

Can governments fix a financial slump? Or does that drive nations deeper into debt?

By Kanupriya Vashisht |March 1, 2012

4 min read

Carney warns on debt, again

Canadian household indebtedness, as measured by the ratio of household debt to personal disposable income, currently stands at 153% and is expected to continue to rise.

By Vikram Barhat |February 23, 2012

4 min read

BoC keeps rate at 1%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1% cent. The Bank Rate is correspondingly 1.25% and the deposit rate is .75%. The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign […]

By Staff |January 17, 2012

3 min read