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Bank of Canada Moves Rate Up by Quarter Point

by on July 20, 2010

Bank of Canada Increases Bank Rate By Brian Madigan LL.B. (Ontario Real Estate Source) The Bank of Canada hiked its key interest rate by a quarter point, 20 July 2010. A similar increase took place in June. The Bank noted that it “expects the economic recovery in Canada to be more gradual than it had [...]

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Interest Rates are on the Way Up

by on February 19, 2010

Interest Rates on the Way UP! By Brian Madigan LL.B. The interest rate environment in North America has been low. The US Federal Reserve has maintained the discount rate at 0.50% since June 2006. Now, the rate has now increased to 0.75%. This comes in response to the improvement in financial market conditions. The new [...]

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Bank of Canada Holds Firm and Steadies the Economic Recovery

by on October 21, 2009

Bank of Canada Holds Firm and Steadies the Economic Recovery By Brian Madigan LL.B. It’s a balancing act, no matter how you look at it. On Tuesday October 20, 2009, the Bank of Canada held inteerst rates firm at 0.25%. Here are some comments and observations made by the Governor of the Bank of Canada, [...]

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Canadian Dollar and Interest Rates October 2009

by on October 15, 2009

The Canadian Dollar and Interest Rates October 2009 By Brian Madigan LL.B. So, here’s the problem: the Canadian dollar is rising in value. It’s now at 97 cents compared to the US dollar. What does that mean? In large measure, “interest rates” and “expected inflation” are the tools used by Canada’s central bank to control [...]

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