Sep 3, 2014 - Bank of Canada maintains overnight rate target at 1 per cent
Follow us on...
Follow us on Twitter Follow us on Facebook
Register

Results 1 to 2 of 2

Sep 3, 2014 - Bank of Canada maintains overnight rate target at 1 per cent

This is a discussion on Sep 3, 2014 - Bank of Canada maintains overnight rate target at 1 per cent within the Dominion Lending Centres - Clear Trust Mortgages forums, part of the Corporate Sponsors category; Bank of Canada maintains overnight rate target at 1 per cent Link: Bank of Canada > Press > Press Releases ...

  1. #1
    Forum Beginner herefishyfishy's Avatar
    Join Date
    Apr 2010
    Location
    Richmond
    Posts
    70

    DefaultSep 3, 2014 - Bank of Canada maintains overnight rate target at 1 per cent

    Bank of Canada maintains overnight rate target at 1 per cent

    Link:
    Bank of Canada > Press > Press Releases > Bank of Canada maintains overnight rate target at 1 per cent

    The most recent changes to the Bank of Canada prime rate (aka the overnight rate) was in the summer of 2010, when they gradually increased 0.75% over a 3 month period:
    - June 1, 2010: increased from 0.25% to 0.50% (0.25% increase)
    - July 20, 2010: increased from 0.50% to 0.75% (0.25% increase)
    - September 8, 2010: increased from 0.75% to 1.0% (0.25% increase, remains unchanged to today)
    Find out how a licensed mortgage broker can be an advantage for securing a better mortgage:
    http://www.andrewleung.ca - Licensed Mortgage Broker, Mortgage Pro"fish"onal!

    An interesting study from the Bank of Canada on mortgage discounting.

  2. Remove Advertisements
    BCAquaria.com
    Advertisements
     

  3. #2
    Forum Beginner herefishyfishy's Avatar
    Join Date
    Apr 2010
    Location
    Richmond
    Posts
    70

    Default

    Here are some excerpts from the recent Bank of Canada key interest rate announcement on September 3, 2014:

    Inflation is close to the 2 per cent target
    Recent data reinforce the Bank’s view that the earlier pickup in inflation was attributable to the temporary effects ... rather than to any change in domestic economic fundamentals.
    The global economy is performing largely as expected. ... In the United States, a solid recovery seems to be back on track, ... Global financial conditions remain very stimulative
    Canadian exports surged in the second quarter after a weak winter, supported notably by stronger U.S. investment spending and the past depreciation of the Canadian dollar. While an increasing number of export sectors appear to be turning the corner toward recovery, this pickup will need to be sustained before it will translate into higher business investment and hiring. Meanwhile, activity in the housing market has been stronger than anticipated. The Bank still expects excess capacity in the economy to be absorbed during the next two years.
    Overall, the risks to the outlook for inflation remain roughly balanced, ... The Bank remains neutral with respect to the next change to the policy rate
    Find out how a licensed mortgage broker can be an advantage for securing a better mortgage:
    http://www.andrewleung.ca - Licensed Mortgage Broker, Mortgage Pro"fish"onal!

    An interesting study from the Bank of Canada on mortgage discounting.

 

 


Similar Threads

  1. Oct 23, 2013 - Bank of Canada maintains overnight rate target at 1 per cent
    By herefishyfishy in forum Dominion Lending Centres - Clear Trust Mortgages
    Replies: 0
    Last Post: 10-25-2013, 02:41 PM
  2. Sep 4, 2013 - Bank of Canada maintains overnight rate target at 1 per cent
    By herefishyfishy in forum Dominion Lending Centres - Clear Trust Mortgages
    Replies: 1
    Last Post: 09-06-2013, 01:10 PM
  3. January 18, 2011 - Bank of Canada maintains overnight rate target at 1 per cent
    By herefishyfishy in forum Dominion Lending Centres - Clear Trust Mortgages
    Replies: 2
    Last Post: 01-19-2011, 10:46 AM
  4. December 7, 2010 - Bank of Canada maintains overnight rate target at 1 per cent
    By herefishyfishy in forum Dominion Lending Centres - Clear Trust Mortgages
    Replies: 1
    Last Post: 12-07-2010, 11:10 AM
  5. Bank of Canada maintains overnight rate target at 1 per cent
    By herefishyfishy in forum Dominion Lending Centres - Clear Trust Mortgages
    Replies: 4
    Last Post: 11-16-2010, 08:07 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Vancouver Website Hosting Chilliwack Website Design