Interest Rate

Chad Hipolito/CP

Highs And Lows Of The 2017 B.C. Budget

If last year's provincial budget could be described as "petty" after Finance Minister Mike de Jong doled out an increase in assistance rates for those living with disabilities -- only to claw most of it back by ending the subsidized bus pass program -- this year's budget could best be described as "petulant."

Canadians Can Bank On Low Interest

SASKATOON - Canadians can expect to enjoy relatively cheap borrowing costs for some time to come — even after the economy returns to full capacity and the Bank of Canada starts hiking interest rates,...

There Is No Housing Bubble: Poloz

VANCOUVER - The head of the Bank of Canada gently urged businesses to ease open the purse strings and start spending Wednesday as he said the economy was nearing a tipping point toward normal growth f...

Where Does He Stand?

OTTAWA - Newly minted Bank of Canada governor Stephen Poloz will deliver on Wednesday what will undoubtedly be the most-watched statement from the central bank in recent months.Some have been urging t...

Bad News, Canada

OTTAWA - The Bank of Canada sharply downgraded its expectations Wednesday on economic growth for the first half of this year, but held the line on offering more stimulus because it says it still belie...

BoC Keeps Key Interest Rate At 1%

OTTAWA - The Bank of Canada said Wednesday interest rates will need to stay at super-low levels longer — likely until 2014, say analysts — after conceding it misjudged the strength of the economy and...

Bank Of Canada Holds Rates Steady

OTTAWA - The Bank of Canada kept its trendsetting policy interest rate at one per cent for the 17th consecutive time Tuesday, but signalled that it's worried about household debt and may need to hike...
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Loonie Rises Above Parity

OTTAWA - The Canadian dollar tumbled well over a full cent US Tuesday after briefly hitting parity with the greenback as the Bank of Canada delivered a bleak economic assessment while keeping its key...