by Rishel | Feb 15, 2023 | Uncategorised
The Bank of Canada increased its target for the overnight rate to 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.5%. The Bank is also continuing its policy of quantitative tightening. Global inflation remains high and broad-based. Inflation is coming down...
by Rishel | Dec 5, 2022 | Uncategorised
On a seasonally adjusted basis, home sales increased 1.3% from September to October, the first monthly gains in eight months. Despite this growth in sales, this should not be seen as the beginning of an upward trend but more like a stabilization of the market, with...
by Rishel | Nov 23, 2022 | Uncategorised
The Bank of Canada has raised its policy interest. If you’re wondering why—and how the increase will affect your financial plans—read on for the answers. What is the policy interest rate? The policy interest rate is the fixed interest rate set by a financial...
by Rishel | May 2, 2022 | Uncategorised
WebPD is a virtual webinar designed to introduce educators at the junior high and high school level to the current curriculum development trends in Financial Literacy in Canada, and to explore a wide range of resources and strategies aimed at engaging learners at all...
by Rishel | Feb 9, 2022 | Uncategorised
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy...
by Rishel | Oct 5, 2021 | Uncategorised
The Bank of Canada on September 8th held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the...
