Bank of Canada Raises Key Interest Rate, Benchmark Lending Rate and Global Stability

In a tentative and qualified move, the Bank of Canada increased its benchmark lending rate on Tuesday for the first time since July 2007. The increase reflected growing concerns about inflation related to Canada’s booming real estate market and strong economic growth. But the relatively small size of the rate increase, one quarter of a [...]

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Posted September 22, 2010 by ][-NooM-][ under Benchmark Lending, More Real Estate

Bank of Canada Cuts Its Benchmark Rate To A Record Low

Bank of Canada Cuts Its Benchmark Rate To A Record Low, Bolsters Case For Zero The Bank of Canada lowered its overnight cash rate for the fourth consecutive policy meeting, bringing the benchmark to 1.00 percent – its lowest level since the central bank was established back in 1934. However, the historical low is not [...]

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Posted July 11, 2009 by ][-NooM-][ under Benchmark Lending, More Bank