Loonie leaps ahead as bank stands pat

Compliments of your Kelowna Mortgage BrokerĀ  The Toronto Star Thursday, September 4, 2008 Loonie leaps ahead as bank stands pat Canada’s monetary authorities stood on the sidelines yesterday as jobs disappeared, the economy slowed and federal parties prepared to fight an election. Despite strong indications that inflation is a fading threat, Bank of Canada governor [...]

Canadian Interest Rates Unchanged

September 3, 2008 OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent. The three global developments highlighted in the July Monetary Policy Report [...]