Bank of Canada keeps rate steady

Bank of Canada keeps rate steady

The Bank of Canada announced today that it will keep its overnight rate at 0.5%, effectively making the bank rate 0.75% and the deposit rate 0.25%. Twice last year, the bank cut their rate, hoping to stimulate the economy. Since then, the economy has started...
Making sense of the new budget

Making sense of the new budget

The Liberal government is spending big and aiming high with its first budget. Finance Minister Bill Morneau delivered a budget aimed at creating some stimulus for a slowing economy. Unemployment has risen recently to 7.3%, and this new budget, which includes billions...
Bank of Canada keeps rates low. Again.

Bank of Canada keeps rates low. Again.

The Bank of Canada announced today, unsurprisingly, that it was keeping its overnight rate target at 0.5%. The bank considers that inflationary risk is “roughly balanced” and “financial vulnerabilities continue to edge higher” as the Canadian economy continues to...