Tag Archive: rate decision


Bank of Canada Rate Decision: Long Pause

The Bank of Canada’s decision to leave rates alone was far from its most important message today. More on that to follow, but first, here’s a quick take on what the BoC said this morning: Rate Decision: It left Canada’s key interest rate at 1.75% Prime Rate: Prime rate remains at 3.95% Market Rate Forecast: At least one rate cut by...

Bank of Canada Rate Decision: Nearing the End

No one thought the Bank of Canada would move rates today. What observers were looking for was a hint that we may be closer to the end of rate hikes than Governor Poloz has been letting on. Here’s what we heard from the BoC on that point, among other things: Rate Decision: Canada’s key interest rate remains at 1.75% Prime...

Bank of Canada Rate Decision: Doves Fight the Hawk

The market knew we wouldn’t get a rate hike today. Instead, it was scouring the Bank of Canada’s messaging for guidance on where rates are headed. And the market found it. The bank’s statement this morning reinforced that it expects higher rates, but it will take longer than they thought. Here’s more on the BoC’s latest decision, and what it...

Bank of Canada: Steady as She Goes?

Fears of a slowing economy take rate hikes off the table, and such concerns definitely took a hike off the table today. Canada’s main rate setter, the Bank of Canada, did what most predicted and left rates as-is at this morning’s rate meeting. But the outlook did change. Here’s more on the BoC’s latest decision, and what it means to...

There They Go Again. BoC Hikes Rates 1/4 Point

If you’re carrying floating-rate debt, the rate lords at the Bank of Canada have just added to your interest burden. Here’s what the BoC just did and what it means to your wallet: Rate Decision: Canada’s key interest rate rose 25 bps today Prime Rate: Should climb to 3.95% within the week Market Rate Outlook: 3 more hikes by year-end 2019 (as of...

Prime Rate is Going North (Again)

If low rates are a yard party, the Bank of Canada has just turned up the lawn sprinklers. Here’s a rundown of what they just did: Rate Decision: They increased the overnight rate 25 bps Prime Rate: Should jump to 3.70% this week Market Rate Outlook: 2+ more hikes by year-end 2019 BoC GDP Outlook: “Average growth of close to 2% over 2018-2020″...

The BoC Punts Rate Hike(s) to Later This Year

Here’s the quick and dirty on Wednesday’s Bank of Canada announcement: Rate Change: None Market Rate Outlook: Two more hikes in 2018 BoC GDP Outlook: 2% growth in 2018 and 2019; 1.8% in 2020 BoC Statement: Click here The Money Quote: “…Higher interest rates will be warranted over time…Governing Council will remain cautious with respect to future policy adjustments…” Next Rate Meeting: May 30, 2018...

BoC Stands Pat. Prepare for B-20

Not much to see at today’s Bank of Canada meeting. It was another yawner as prime rate held at 3.20%. Among the few takeaways: The Bank stated: “While higher interest rates will likely be required over time, Governing Council will continue to be cautious…” Interpreted this means: Higher rates are on their way, between now and when we die. If...

No Rate Change Today

If you have a mortgage that floats with prime rate, the constant chatter about rate hikes may be unnerving. Well, now you can take a breather—because the Bank of Canada has taken a breather. The Bank left rates alone today and hinted that future rate hikes may be further off than economic forecasts suggested. If you had to sum up its announcement today in...