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“Return on investment.” It’s a phrase many Canadians are familiar with in terms of business decisions and investment portfolios. But it’s not necessarily top of mind when people choose a charity to donate to. And that’s understandable. Canadians support charities for a lot of different rea.... More »
Highlights from Alberta budget 2020 - Global News + MORE Feb 27th
Highlights from Alberta budget 2020 Global NewsThousands march to legislature in protest of Budget 2020 CTV NewsBudget 2020: Health budget sees doubling of private clinic surgeries, deductibles on seniors drug plan CBC.caAlberta budget banks on critical revenue boost.... More »
The best Visa credit cards in Canada for 2024 Nov 7th
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BMO credit cards: A breakdown of the bank’s best cards 2021 May 4th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
The best GIC rates in Canada for 2024 May 27th
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The best GIC rates in Canada for 2024
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Bank of Canada Keeps Rate Steady at 1.25%… But Increase is Imminent
– ratesupermarket.ca
As widely expected, the Bank of Canada decided to keep its key interest rate at 1.25 per cent. This is the second announcement in a row where interest rates have been kept steady this year, after Bank of Canada Governor Stephen Poloz kicked off 2018 with a quarter-point hike.
New forecasts from the Bank of Canada show inflation running higher than the two per cent target. This implies that the BoC may increase interest rates in the near future just to keep prices in check.
Although the global economy is tracking higher than it was when January’s forecast was made, Canada’s GDP growth was also lower than expected. That being said, the BoC is expecting a rebound in the first half of 2018.
In light of previous rate hikes made by the Bank of Canada over the past year, all of the big banks have also increased their rates. But in advance of this announcement, TD Canada Trust dropped its 5-year variable mortgage rate by 0.10 per cent to 2.85 per cent. TD continues to be the bank with the lowest 5-year variable mortgage rate out of Canada’s Big Five banks…
Bank of Canada Keeps Rate Steady at 1.25%… But Increase is Imminent
– ratesupermarket.ca
As widely expected, the Bank of Canada decided to keep its key interest rate at 1.25 per cent. This is the second announcement in a row where interest rates have been kept steady this year, after Bank of Canada Governor Stephen Poloz kicked off 2018 with a quarter-point hike.
New forecasts from the Bank of Canada show inflation running higher than the two per cent target. This implies that the BoC may increase interest rates in the near future just to keep prices in check.
Although the global economy is tracking higher than it was when January’s forecast was made, Canada’s GDP growth was also lower than expected. That being said, the BoC is expecting a rebound in the first half of 2018.
In light of previous rate hikes made by the Bank of Canada over the past year, all of the big banks have also increased their rates. But in advance of this announcement, TD Canada Trust dropped its 5-year variable mortgage rate by 0.10 per cent to 2.85 per cent. TD continues to be the bank with the lowest 5-year variable mortgage rate out of Canada’s Big Five banks…
