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Bank of Canada

BoC maintains overnight rate at 0.75%

Bank of Canada’s announcement maintains the overnight lending rate at 0.75%. As such, there will be no move in lenders prime rate which currently sit at 2.85%.  Full Service Variable Rate products are hovering around the 2.10% t0 2.20% range.   The Bank of Canada today anno
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Canada inflation eases, no pressure for rate hike

By Louise Egan OTTAWA (Reuters) – Inflation in Canada eased in February, bucking the trend in many other countries and removing some pressure from the Bank of Canada to start raising interest rates again soon. Statistics Canada said on Friday that core inflation, which excludes
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