interest-rate

Today we're anticipating the Bank of Canada to increase its policy interest rate, and I expect we'll see a 0.25% increase. This will translate into a corresponding increase in prime rate at most lenders within the following days.

As widely anticipated by economists, the Bank of Canada (BoC) has left its trendsetting policy rate at 1.25 per cent. Canada's central bank, however, expressed optimism about the economy picking up some speed in the April-to-June period after growth slowed down to 1.3 per cent in the first three months of ...