News on Bank of Canada

BofA Merrill sees room to grow on world markets

2010-02-22T12:16:33Z

<div><p>TORONTO (Reuters) - Investors should consider stepping into equities linked to countries that are the first to raise interest rates, Bank of America Merrill Lynch's chief global eq...

Central bank holds 0.25 pct key lending rate

2010-02-22T18:13:30Z

<div><p>Canada's central bank maintained its key lending rate at 0.25 percent on Tuesday, saying it plans to hold it at this historically low level until mid-2010 to shore up economic recovery.</p><p>"The global economic recovery is under way, supported by continued improvements in financial conditions and stronger domestic demand growth in many emerging-market economies," the Canada there is a type of investment called a guaranteed investment certificate. This investment offers the investor a rate of return that is guaranteed, over a fixed period of time. For example, if invested for three years the rate of return will be 25% regardless of what occurs in the markets. Because of the GIC rates, this has become quite a popular type of investment within the Canadian banking industry.<br><br>The...

Canada's central bank leaves key rate unchanged

2010-02-23T19:08:16Z

<div id="subtitle">Canada's central bank leaves rate unchanged, says it will probably stay that way thru mid-2010</div><div><p>Canada's central bank is holding its key interest rate at a record low 0.25 percent and is reiterating its expectation that it will keep the rate there until the middle of next year.</p><p>The Canada struggled out of recession with modest growth in the third quarter, as a jump in consumer spending provided the first economic expansion in a year, Statistics Canada said Monday.</p><p>The expansion in gross domestic product (GDP) was 0.4 percent on an annualized basis, or 0.1 percent real growth for quarter, followin...

Former Bank of Canada governor David Dodge

2009-08-28T20:35:43Z

20090325;ON;Business;B5 -- Former Bank of Canada governor David Dodge speaks in Toronto yesterday about the lessons learned from Japan's long economic slump....

Demystified: Fixed Rate Mortgage and Variable Rate Mortgage

2010-02-25T15:21:39Z

Fixed mortgage rates are decided by the price of government bonds and the bond yield. Investing in bonds are in general considered safer than stocks, and as soon as there is financial turmoil, investors normally will unload equities in preference to bonds, particularly Government bonds, and at the same time as the stock market is thriving, investors in all probability would make a higher return on investment in equities. This way there is a lower demand for bonds; as a result, their valuation...

Stockhouse @ the Bell: U.S. stocks surge on data; TSX back in rally mode

2010-02-26T05:15:46Z

<div id="subtitle">The Dow moved above the 9,000 mark on earnings and housing data, while the TSX soared following upbeat comments from the Bank of Canada.</div><div><p>Today on Stockhouse </p><p>Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here. </p>&...

Bank of Canada readies unorthodox economic fixes

2010-02-28T23:02:43Z

<div><p>Canada's central bank on Thursday outlined "unconventional" measures that may be needed to unleash tight credit and stimulate a dour economy after interest rates hit rock bottom this week.</p><p>As early as June, the Bank of Canada may print more money to purchase corporate or government bonds, or buy discounted toxic assets in th...

Stockhouse @ the Bell: Stocks bounce back on bank share buying

2010-03-01T13:34:06Z

<div id="subtitle">U.S. stocks rebounded sharply Tuesday after Treasury Secretary Geithner reassured investors about bank balance sheets, while metals lead a TSX rally.</div><div><p>Today on Stockhouse </p><p>Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here. &l...

Bank of Canada cuts interest rate to 0.25%

2010-03-02T06:32:07Z

<div><p>Canada's central bank on Tuesday lowered its key lending rate by 0.25 percentage points to a historic low of 0.25 percent, amid a worsening global recession.</p><p>The Bank of Canada said also it would maintain this rate until the end of the second quarter of 2010, as long as inflation remains in check, and it revised downward its...

Bank of Canada cuts key lending rate to 0.5 pct

2010-03-03T21:23:26Z

<div><p>Canada's central bank on Tuesday cut its key lending rate by 0.5 percent to a mere 0.5 percent, as the global economy deteriorates.</p><p>Since December 2007, the Bank of Canada has cut its interest rates by 400 basis points in a bid to help stem the economic slide.</p><p>Despite its aggressive cuts, it...

The Canadian 1954 Bank Note Series

2009-02-28T13:50:13Z

<p>The Canadian 1954 Bank Note Series</p><p>By Randy Zakowski</p><p></p><p>The 1954 Canadian Bank Note Series was the third set of Canadian bank notes. There was another variety of this series released two years later in 1956. Though released in 1954, the Bank of Canada's third order of bank notes were prepped in 1952. This is due to Bank of Canada announced Thursday it has agreed on a 10-billion-dollar (US) swap facility with the US Federal Reserve to cover potential liquidity needs.</p><p>The move came as global cent...

Bank of Canada cuts interest rate

2010-02-27T23:18:56Z

<div id="subtitle">Bank of Canada cuts key rate by a quarter-percentage point</div><div><p>Canada's central bank cut its key interest rate by a quarter-point on Tuesday, saying Canada needs the stimulus to ward off the effects of a United States already in recession and a global ec...