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Bank Rates

Interest rates set by the bank of Canada

Terrible Swift Rate Rises Soon?

Even in 2010 there was talk of Interest Rate rises but they never really came to pass, and now we seem to be keeping low rates?

Interest rates, bank of canada, history

Money too Loose Continues

In December 2010, the Bank of Canada chose to maintain its key overnight rate at 1.0%, reinforcing a strategy of “loose money” to nurture a fragile economic recovery. This post unpacks the cautious tone of the central bank’s announcement, which acknowledged sluggish exports and a still-vulnerable economy despite strong household spending and business investment. With inflation appearing to behave and excess capacity still present, interest rate hikes were off the table. The post humorously reminds readers that while today’s rates seem low, they once hit 20%—and history can repeat.

Keywords: interest rates December 2010, Bank of Canada, monetary policy, low rates Canada, inflation target, economic recovery, fragile growth, deflation risk, Canadian finance

Canada’s Balanced Budget (Eventually)

Might Balance Budget by 2015 Jim Flaherty (Canadian Federal Finance Minister, and the man who spins the Financial Blarney for the Feds) started the Financial Waffling section of the Government End of Year reports, when… Read More »Canada’s Balanced Budget (Eventually)

Mortgage Graph 2010

That is One BIG Mortgage

Discover the scope of the mortgage industry in Canada. Learn about the $1 trillion mortgage debt and its impact on homeowners.

Bank Negotiation

In Banking It is All Negotiable

It is important to remember that in banking it is all negotiable. As example, I got a call a while ago from a friend asking me about what interest rate that I paid on my… Read More »In Banking It is All Negotiable

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