New Bank of Canada measures supporting financial system

Development of a new Provincial Bond Purchase Program of up to $50 billion to supplement its Provincial Money Market Purchase Program

New Bank of Canada measures supporting financial systemThe Bank of Canada announced Wednesday the development of a new Provincial Bond Purchase Program of up to $50 billion, to supplement its Provincial Money Market Purchase Program. It said the new measures provide additional support to Canada's financial system. "Further, the Bank is announcing a new Corporate Bond Purchase Program, in which the Bank…

Bank of Canada lowers interest rate target

The federal institution announced Friday it has lowered its target for the overnight rate by 50 basis points to 0.25 per cent

Bank of Canada lowers interest rate targetThe Bank of Canada announced Friday it has lowered its target for the overnight rate by 50 basis points to 0.25 per cent.  The Bank Rate is correspondingly 0.5 per cent and the deposit rate is 0.25 per cent. “This unscheduled rate decision brings the policy rate to its effective lower bound and is intended…

‘Uncertainty’ drives Bank of Canada to hold interest rates

Real GDP in Canada is expected to grow by 1.6 per cent this year and two per cent in 2021, following 1.6 per cent growth in 2019

‘Uncertainty’ drives Bank of Canada to hold interest ratesThe Bank of Canada announced Wednesday it has maintained its target for the overnight rate at 1.75 per cent. The bank rate is two per cent and the deposit rate is 1.5 per cent. It  forecasts real GDP in Canada will grow by 1.6 per cent this year and two per cent in 2021, following…

Canadian economy will stall in 2020

The next two years will probably bring feeble increases in GDP, in line with 2019’s uninspiring performance. Job creation is likely to decelerate

Canadian economy will stall in 2020As the clock winds down on 2019, it’s time to ponder what the coming year may have in store for the Canadian economy. To provide some context, 2019 hasn’t been a great year for the economy, with inflation-adjusted gross domestic product (GDP) expanding by around 1.6 per cent. This was less than growth in both…
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