Economic Indicators

Decorative pattern

Economic Indicators

BoC keeps rate at 1%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1% cent. The Bank Rate is correspondingly 1.25% and the deposit rate is .75%. The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign […]

By Staff |January 17, 2012

3 min read

Decorative pattern

Economic Indicators

Another worthless rating

On Friday, Standard & Poor’s grabbed the economic and political world’s attention by downgrading the long-term sovereign debt of France. Not only has France lost its AAA rating, but it has also been given a “negative” outlook; a similar fate befell Austria.

By Staff |January 16, 2012

2 min read

Decorative pattern

Economic Indicators

UK rates unchanged; analysts expect more easing

The Bank of England has kept its main interest rate at the record low of 0.5% as well as maintaining the current level of its monetary stimulus.

By Wire services |January 12, 2012

2 min read

Decorative pattern

Economic Indicators

Personal bankruptcies fall…for now

There’s a little more good news on the household debt front: Fewer Canadians are filing for personal bankruptcy.

By Staff |January 11, 2012

1 min read