Monday 29 July 2013
Finally! Canadians able to pay at U.S. pumps with credit again
Sunday 28 July 2013
Federal government posts $2.7B deficit in April, May
Thursday 25 July 2013
Monday 22 July 2013
Sunday 21 July 2013
Check your credit score
Friday 19 July 2013
Thursday 18 July 2013
Wednesday 17 July 2013
Bank of Canada Interest Rate Decision
Bank of Canada Interest Rate Decision – July 17, 2013
New Bank of Canada Governor Stephen Poloz stuck to the status quo this morning in his first interest rate decision, leaving the Bank’s overnight target rate at 1 per cent. The Bank expects growth in the Canadian economy to be “choppy” in the near term owing to unusual temporary factors such as flooding in Alberta, but overall its outlook for economic growth remains largely unchanged from April’s projection of 1.8 per cent real GDP growth in 2013 and 2.7 per cent growth next year. The Bank expects inflation to remain subdued in the near term due to persistent excess capacity in the Canadian economy, but still expects inflation will return to its 2 per cent target in mid-2015 as previously forecast. Notably, the Bank’s previous recurring statement regarding withdrawal of monetary stimulus has been altered and perhaps softened to “Over time, as the normalization of these [economic] conditions unfolds, a gradual normalization of policy interest rates can be expected