Prime Rate Held at 0.25%
The Bank of Canada has held its key interest rate at 0.25% as of this morning. This was widely expected as the Bank has stated that it wants to keep rates down until at least this summer.
Posts tagged canadian prime rate
Next Bank of Canada Prime Rate Announcement
A quick update. The next Bank of Canada prime rate announcement will be on March 2, 2010. Subscribe to this blog to receive automatic prime rate updates. Thanks.
Canadian Prime Rate Update
In Canada and the United States, the Canadian prime rate update is by definition an interest rate used by banks. The term originated as a rate of interest for favoured customers who had good credit with their banks.
Today, the prime rate is used in calculating some variable rate loans. This can often include secured [...]
Bank of Canada Prime Rate – September 2009
The Bank of Canada released its latest economic outlook today.
“Stimulative monetary and fiscal policies, improved financial conditions, firmer commodity prices, and a rebound in business and consumer confidence are supporting domestic demand growth in Canada,” the bank said in a statement Thursday.
“Combined with recent information on inventory adjustments and automotive production, this suggests that GDP [...]
