60 days – 1.75% + MORE Mar 19th

 

The Fed may have removed “patient”, but they swear they’re not in a rush.
That was the outcome of the monetary policy announcement of the FOMC yesterday, the group of the governors of the Federal Reserve, keeping the rate unchanged at 0-0.25 per cent, where it has been for six years. But while a rate change wasn’t expected, that word – “patient” – was a key flag for analysts looking for signs of exactly when a rate hike could come, and how fast.
The announcement, which included some careful wording on waiting to see where the economic data goes, weakened the dollar and gave a boost for markets – this morning, European indexes are hitting a 15-year high, even as a meeting by European leaders and some Greece-Germany head butting looms. The TSX also got a 60 point boost yesterday, with the Loonie gaining from the dollar’s sudden slump, closing the day a cent and a half up and almost touching the 80 cent mark.
Oil is starting the day about a dollar higher than it did yesterday, above $43, but a Fed-induced bump in oil prices yesterday is also quickly wearing off as supply stays high…

BRUSSELS – German Chancellor Angela Merkel says Greece must stick to the terms of a bailout agreement that requires Athens to sharply curtail government spending in return for further financial aid.
Tensions over Greece’s massive financial bailout are set to overshadow a European Union summit Thursday amid fears that the country could accidently drop out of the euro.
Merkel says she will meet with select leaders on the sidelines of the summit, expected to include Greek Prime Minister Alexis Tsipras, French President Francois Hollande, European Central Bank President Mario Draghi and EU Commission President Jean-Claude Juncker.
Merkel told the German Parliament that “it’s absolutely clear that nobody can expect a solution for Greece’s problems tonight in Brussels” or on Monday, when Tsipras makes his first visit to Berlin.
The post Merkel says Greece must stick to bailout agreement, dismisses hopes for quick deal appeared first on Canadian Business.

This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.

Preliminary agreement on adjusted financial terms and leadership changes could be reached as early as today

This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.