Bank of Canada

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Economic Indicators

BoC keeps rate at 1%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1% cent. The Bank Rate is correspondingly 1.25% and the deposit rate is .75%. The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign […]

By Staff |January 17, 2012

3 min read

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Industry

Top 10 facts and predictions

With barely two days to go — one if you’re in Australia — before 2011 is consigned to the dustbin of history, investment experts the world over are furiously fashioning forecasts. Keeping one eye trained on the road ahead and the other on the rear view mirror, Doug Porter, deputy chief economist, BMO, offers some […]

By Staff |December 29, 2011

4 min read

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Industry

Canadian inflation remains steady

Canadian consumer prices crept slightly higher in November compared to the previous month keeping Canada’s annual rate of inflation at 2.9% in November, matching October’s rise, according to Statistics Canada. The 0.1% spike in consumer prices from October to November is in line with the expectations of economists. Transportation and food continued to post the […]

By Staff |December 20, 2011

1 min read

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Economic Indicators

Carney reaffirms inflation targeting

The Bank of Canada’s inflation-targeting regime has served Canadians since its adoption in 1991, and is partly responsible for the strength and relative stability we enjoy today, according to the Governor of the Bank of Canada.

By Staff |November 23, 2011

2 min read