Bank of Canada

The Bank of Canada announced Wednesday it is maintaining its target for the overnight rate at 1¾%, while also softening its stance on future rate increases. “In this morning’s interest rate announcement, the Bank of Canada … Read More

The Central Bank announced Wednesday it is maintaining its target for the overnight rate at 1.75%, citing uncertainty around the energy and housing markets as reasons for standing pat. “The Bank of Canada’s interest rate announcement … Read More

In its latest monetary policy decision, Canada’s central bank announced Wednesday its benchmark interest rate will remain at 1.5%. The bank has gradually hiked its target overnight lending rate four times since mid-2017 – most recently … Read More

After a six-month pause, Canada’s central bank announced Wednesday morning it’s hiking its target overnight lending rate by a quarter of a percentage point to 1.5%. “Canada’s economy continues to operate close to its capacity and … Read More

A phantom credit card, two back-to-back bank hacks, and postal code discrimination: Here are some personal finance headlines you might have missed last month.

Reiterating its “gradual” approach to raising interest rates, the Bank of Canada announced Wednesday morning it’s keeping its target overnight lending rate at 1.25%. “Global economic activity remains broadly on track with the bank’s April forecast. … Read More

Higher interest rates are a matter of when, not if, but Canada’s central bank announced Wednesday it’s holding its overnight lending rate at 1.25%. “Higher interest rates will be warranted over time, although some monetary policy … Read More

Canada’s central bank announced Wednesday morning it’s keeping its target overnight lending rate at 1.25%. “While the economic outlook is expected to warrant higher interest rates over time, some continued monetary policy accommodation will likely be … Read More

The biggest news of the new year: Home ownership is going to get even more expensive as interest rates go up and new federal rules take effect. But that’s not all — here are some personal … Read More

After weeks of will-they-won’t-they speculation, the Bank of Canada announced Wednesday morning it’s raising its overnight lending rate by a quarter of a percentage point to 1.25%. “Recent data have been strong, inflation is close to … Read More