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Recent employment and economic progress reports suggest that the strong growth recorded by the Canadian economy during much of 2018 could be slowing. With the Bank of Canada poised to release its next interest rate decision later in the week, these details will likely enter into the Bank’s thinking when it announces its interest update … read more
Bank of Canada interest rate announcements always attract significant media and public attention. That’s because interest rates have an impact on all Canadians. If you’re a saver, the prevailing interest rate affects how much your savings earn. If you’re planning to borrow to finance a large purchase, such as a new home or vehicle, the … read more
In discussing its recent decision to hold the benchmark lending rate steady at 0.5 percent, Bank of Canada Governor Stephen Poloz did not rule out the possibility of implementing a negative interest rate if the economy doesn’t show increased strength in the coming months. While Canada has never adopted a negative interest rate before, the … read more
