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Blog by Linda M Linfoot

Bank of Canada Annoucement May 2019

May 30th, 2019
The Bank of Canada will be maintaining its target for the overnight rate at 1 3/4 percent as it waits to see how the slowdown of late 2018/early 2019 plays out. So far, it seems it was a temporary blip.

Recent Canadian economic data are in line with the projections in the Bank's April Monetary Policy Report (MPR)--and it looks like economic activity is picking up in the second quarter. The oi ...

Residential Market Update May 2019

May 24th, 2019
The Bank of Canada is maintaining its optimistic outlook for the country’s economy – but…

The central bank’s latest Financial System Review says two persistent problems remain and two others are on the rise. High household debt and imbalances in the housing market continue to represent the greatest threats to the financial system, while the increasing chance of a recession and riskier corpora ...