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Bank of Canada Keeps Interest Rate Steady At 0.5%
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👤Arthur Greene
🕔December 7, 2016
The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty.
The decision was in line with expectations with all major banks expecting rates to be left unchanged at this meeting.…
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👤Arthur Greene
🕔December 3, 2016
The Canadian economy added 10,700 new jobs last month driving the unemployment rate to 6.8 per cent, but the latest numbers raise questions about the quality of these new jobs.
The rise in employment bucked analysts’ forecasts for a loss of 20,000 jobs after two months of growth and reinforced expectations that the Bank of Canada will keep interest rates unchanged next week and for all of 2017.…
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👤Arthur Greene
🕔November 29, 2016
The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.
In a speech to the C.D.…
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👤Isaac Ndegwa
🕔September 7, 2016
The bank of Canada is due to announce its decision on Canada’s interest rates today. The key rates are widely expected to remain unchanged at 0.5% but investors will be keen to scrutinize any other supporting information in order to pick hints on the BOC’s outlook on the economy.…
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👤Arthur Greene
🕔July 23, 2016
- CAD receives fundamental uptick from slowing inflation
- Canadian economy reflects a generally positive outlook
Friday began with a rising USDCAD due to the weakening oil prices and a dominant USD, the dollar had previously won against a basket of other major currencies due to the uncertainty in the European economy.…
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