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Blog by Linda M Linfoot

Bank of Canada Annoucement

April 17th, 2012

Bank of Canada maintains overnight rate target at 1 per cent

For immediate release
17 April 2012
Contact: Jeremy Harrison
613 782-8782
Ottawa, Ontario -

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

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Harbingers of Doom

April 12th, 2012

Harbingers of doom

Andrew Coyne Apr 10, 2012 – 6:00 AM ET | Last Updated: Apr 10, 2012 11:55 AM ET

Even by Maclean’s standards, the cover was alarming. “You’re about to get burned,” screamed the headline, over a picture of a house that was literally on fire. “Canada looks like the us before its devastating housing crash — maybe even worse.” And the kicker, for those still hesitating ...