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Blog by Don Kennedy

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B of C HOLDS RATE, COVID 19 LESS IMPACTFUL

June 3rd, 2020
Bank of Canada Interest Rate Announcement - June 3, 2020
 
The Bank of Canada held its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. In the statement accompanying the decision, the Bank noted that incoming data seems to signal that the impact of COVID-19 on the economy has peaked, though there remains significant uncertainty regarding the outlook. ...

Further Bank Rate Reduction

March 27th, 2020


Bank of Canada Interest Rate Announcement - March 27, 2020
 
   
For the second time this month, the Bank of Canada has lowered its overnight policy rate before its regularly scheduled announcement date, taking the overnight rate down a further 50 basis points to 0.25 per cent.  That level is what the Bank considers its effective lower bound, meaning it can not reduce rates further without p ...

BoC HOLDS RATE, REDUCTION UNLIKELY

January 22nd, 2020

Bank of Canada Interest Rate Announcement - January 22, 2020

 

The Bank of Canada held its overnight rate at 1.75 per cent this morning. In the statement accompanying the decision the Bank noted that while economic growth slowed in the fourth quarter, the global economy appears to be stabilizing and export demand and business investment should pick-up over the next year.  In addition, str ...

HERE’S WHY NO INCREASE IN THE B of C INTEREST RATE

October 30th, 2019

Bank of Canada Interest Rate Announcement  - October 30, 2019

 

The Bank of Canada held its overnight rate at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that ongoing trade conflicts have weakened the global economic outlook, which is expected to drag Canadian economic growth below its potential in the second half of this year. The bank is further p ...

B of C RATE LIKELY UNCHANGED... FOR NOW

August 30th, 2019


Canadian Real GDP Growth (Q2'2019),
 August 30 2019
 
   

 

The Canadian economy rebounded in the second quarter, surging at an annual rate of 3.7 per cent. That follows two quarters of lackluster sub-1 per cent real GDP growth.  Growth was primarily led by a recovery in export volumes which masked underlying weakness in domestic demand, which actually declined as household spending slowed and bu ...

FALL BANK RATE RISE UNLIKELY

July 17th, 2019
BCREA ECONOMICS NOW

Canadian Inflation - July 17, 2019

Canadian inflation, as measured by the Consumer Price Index (CPI), rose by 2 per cent compared to the same time last year, a deceleration from 2.4 per cent in the prior month. Excluding the impact of lower energy prices, the CPI was up 2.6 per cent year-over-year. The Bank of Canada's three measures of trend inflation were also up in June, ...

WHY THE BoC INTEREST RATE REMAINS UNCHANGED

July 10th, 2019
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Decision - July 10, 2019

The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision the Bank noted that although ongoing global trade tensions are having a negative effect on the global economy, economic growth in Canada is improving. A decline in mortgage rates is ...

WHY INTEREST RATES WILL STAY UNCHANGED

May 29th, 2019
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - May 29, 2019

The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that the slowdown over the past two quarters was temporary and growth should pick up beginning in the second quarter of 2019. On inflation, the Bank expects that ...

BANK RATE UNCHANGED

April 24th, 2019
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - April 24, 2019

The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that ongoing uncertainty related to global trade conflicts is undermining business sentiment and contributing to a slowdown in growth across many countries. Tha ...

Fall In Mortgage Rate On The Horizon?

February 27th, 2019
Canadian Inflation - February 27, 2019

Canadian inflation, as measured by the Consumer Price Index (CPI), registered only 1.4 per cent in the twelve months to January. That was a significant drop from 2 per cent in December due to a 7 per cent decline in energy costs.  Excluding the impact of falling gasoline prices, consumer prices were up 2.1 per cent. The Bank of Canada's three measures of ...
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