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Tag Archives: bank of Canada

Bank Of Canada

The Bank Of Canada Keeps Interest Rate At 1.25%

The Bank of Canada (BoC) announced Wednesday it’s keeping its trendsetting interest rate at 1.25%. This interest rate is called the “Overnight Rate” and is what dictates the prime consumer lending rates of Canada’s “Big Six Banks.” For context, the… Read More

Rachel Surman

March 7, 2018

Blog
Bank Of Canada

Bank Of Canada Keeps Interest Rate At 1%: But Warns Of Coming Increase

The Bank of Canada (BoC) is keeping its trendsetting interest rate at 1%, as it did in October, but is warning Canadians that increases may be on the way. This interest rate is called the “Overnight Rate” and is what… Read More

Rachel Surman

December 6, 2017

Blog
Interest Rate

Bank of Canada Keeps Interest Rate At 1%: What You Need To Know

The Bank of Canada (BoC) kept its trendsetting interest rate at 1% on Wednesday, following two straight hikes in July and September. This rate, called the “Overnight Rate,” is what dictates the prime consumer lending rates of Canada’s “Big Five… Read More

Rachel Surman

October 25, 2017

Blog
Toronto Financial District, the big 5 banks.

Consumer lending rates jump after Bank of Canada hike: but what does this mean for you?

The Bank of Canada (BoC) raised its trendsetting interest rate from 0.75% to 1% on Wednesday, prompting Canada’s “Big Five Banks” to increase prime consumer lending rates. Effective Thursday, RBC, BMO, TD, Scotiabank, and CIBC will all increase prime lending… Read More

Rachel Surman

September 7, 2017

Blog,News