Economy

BoC keeps overnight rate target at 1%

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

By Staff |May 29, 2013

2 min read

Will Canada become an energy superpower?

Canada has the potential to attain energy superpower status.

By Staff |May 29, 2013

3 min read

Canadian housing market calming: BMO

The Canadian housing market is calming rather than crashing, as the impact of tougher mortgage rules and cooling credit is partly offset by the supportive influence of low interest rates and continued income growth, according to a new report from BMO Economics.

By Staff |May 29, 2013

1 min read

Will U.S. Fed stimulus taper off?

Economic activity in the U.S. expanded at a moderate pace in the first quarter of 2013.

May 22, 2013

3 min read