Category: Bank of Canada

Travel destinations where your loonie goes farther

There are still many places you can visit where your Canadian dollar can buy you more.

For those planning to travel outside Canada in the next little while, your vacation might now cost you a little more than you’d originally planned. That’s because the “loonie” continues to struggle against most of the major currencies. This includes the US dollar, the British pound and the Euro. What’s even more distressing for travellers … read more

Financial tips for new Canadians

Financial tips for those who have recently moved to Canada.

Immigrating to a new country is always a tremendous adventure. Putting down roots in a new place requires determination and sacrifice, and it’s a process that can be exciting, scary, confusing and exhilarating. Often, all at the same time. If you’re a new immigrant to Canada, it’s important to remember that you’re not alone in … read more

Bank of Canada to announce interest rate decision April 24

The next Bank of Canada Policy Interest Rate decision is April 24, 2019.

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