Category: Economy

The Bank of Canada Holds Interest Rates at 1%, Worries About Low Inflation

Posted November 12, 2014 by CCC Staff in Economy, News

The Bank of Canada’s interest rate announcement last month was largely overshadowed by the shooting in Ottawa. This past week Bank of Canada Governor Stephen Poloz held his first news conference since the interest rate announcement on October 22nd. Under normal circumstances, the news conferences would have taken place on the same day as the interest rate announcement, but with security concerns top of mind, it was postponed. Let’s recap the announcement, as well as discuss our central bank’s fear of low inflation, and the impact it has for consumers.

Don’t Regulate Credit Card Interchange Fees, Increase Competition: C.D. Howe Institute

Posted October 31, 2014 by CCC Staff in Economy, News

The C.D. Howe Institute is the latest to weigh in on a topic that’s been in the headlines a lot lately: credit card interchange fees. Mati Dubrovinsky, a senior policy analyst at the C.D. Howe Institute, wrote an interesting piece for the Globe and Mail on why lower fees is not the answer.

How a Lower Loonie Impacts Cross-Border Shopping

Posted September 30, 2014 by CCC Staff in Economy, News

With the loonie falling below 90 cents, cross border shopping is a lot less attractive. But a higher Canadian dollar isn’t bad news for everyone; the long-ailing manufacturing sector is one of the main benefactors. Let’s take a closer look at the situation and some of the advantages and disadvantages of a weaker Canadian dollar.

Canadians Take On More Debt, But Delinquency Rates Down

Posted September 22, 2014 by CCC Staff in Debt, Economy

With record-low borrowing costs, a lot of Canadians are indulging in consumer debt. Canadian consumers owed a whopping $1.44 trillion in debt in the second quarter of 2014, up from $1.42 trillion in the first quarter, according to credit monitoring agency Equifax Canada.

The Bank of Canada Leaves Interest Rates Frozen at 1 Per Cent

Posted September 9, 2014 by cccadmin in Economy, News

Those with debt tied to prime rate can breathe a sigh of relief. The Bank of Canada has decided to once again stand pat on interest rates. This marks four years, the longest stretch in Canadian history, since Canada’s central bank has budged on the overnight lending rate.

The Bank of Canada Holds Interest Rates at 1 Per Cent Yet Again

Posted July 22, 2014 by CCC Staff in Economy, News

Bank of Canada chief Stephen Poloz and Senior Deputy Governor Carolyn Wilkins

If you have a variable rate mortgage, you can relax. The Bank of Canada has decided to yet again to hold the overnight lending rate at 1 per cent. It has been nearly four years since the key interest has been frozen at 1 per cent. This marks the longest stretch in Canadian history interest rates have remained the same.

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