Canadian Personal Finance Blog

Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View
September 3rd, 2008

Canadian Bank Rates are Unchanged

Bank of Canada, today announced no changes in their overnight rates, which stands to reason. The exact reason given was:

OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.

The three global developments highlighted in the July Monetary Policy Report Update continue to have a major influence on the Canadian economy. Two of them – the course of the U.S. economy and the ongoing turbulence in global financial markets – have evolved broadly in line with the Bank’s expectations. However, there is an increased risk of a more pronounced interplay between weakness in the U.S. economy and tightness in credit conditions that could affect the U.S. outlook for 2009.

Good to know my debt payments aren’t going up in the near future.
 

Gas Prices

An analyst yesterday predicted Gasoline prices in Canada hovering near $1.00 per liter by Christmas, this would make for a very interesting change of events. Would other prices drop? Would deflation kick in? I doubt it, everyone will simply build that into their profit margins again, but still, not having to spend $160 to pick up my daughter from Waterloo would be nice.

Try Chrome

Yes, I am a google Chrome convert as well. I am writing this post using Chrome, it seems to work just fine and runs relatively quickly as well. Haven’t tried all of it’s bells or whistles, but I like it and it does not seem to be as big a PIG for memory as Firefox.

Carnivals

My article Sunday Thought: Debt is Bad in the Bible Too? posted at Canadian Personal Finance Blog was mentioned at Just Another Day of Catholic Pondering in the Catholic Carnival #188: Journey of Faith

More on this topic (What's this?)
The Greatest Stock Market Wisdom I Have Ever Heard! (Donaldson Capital: Rising Divid..., 9/30/08)
Which Bank will be next? Follow the dividend cuts (Dividend Growth Investor, 9/30/08)
Is Another Huge Bank Failure Brewing? (Contrarian Profits, 7/2/09)
Here Is a Shortlist of People and Institutions Who Can Make the Financial Crisis End? (Donaldson Capital: Rising Divid..., 9/18/08)
Read more on Banking at Wikinvest

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Posted in Bank, Bank Rates, Bank of Canada, Carnivals, Inflation, Interest Rates |

This entry was posted on Wednesday, September 3rd, 2008 at 8:05 AM and is filed under Bank, Bank Rates, Bank of Canada, Carnivals, Inflation, Interest Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Canadian Bank Rates are Unchanged”

  1. Gene Says:
    September 3rd, 2008 at 7:11 PM

    Hi CM,

    Thanks for the quick review of Chrome. I decided to check it out, and it is quick. It does seem pretty good on the system resources too. Too bad it doesn’t support RSS feeds at the current time. I may have to find an alternate way of subscribing.

  2. MultifolDream$ Says:
    September 3rd, 2008 at 9:41 PM

    I’ve just started using Chrome myself and I would say that the memory usage is impressive.

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