Interest rates

For many years, GICs have been viewed as a safe-but-not-terribly-exciting option for those who didn’t want to play the rollercoaster game of …

Until recently, GICs weren’t thought of as a way to achieve short-term savings goals like weddings and vacations. After all, you’d often have to sign up for a multi-year commitment to see any real return on your investment, and many people don’t like the idea of locking their money away for that long.

The Bank of Canada announced Wednesday it is maintaining its target for the overnight rate at 1¾%, while also softening its stance on future rate increases. “In this morning’s interest rate announcement, the Bank of Canada … Read More

The Central Bank announced Wednesday it is maintaining its target for the overnight rate at 1.75%, citing uncertainty around the energy and housing markets as reasons for standing pat. “The Bank of Canada’s interest rate announcement … Read More

After a six-month pause, Canada’s central bank announced Wednesday morning it’s hiking its target overnight lending rate by a quarter of a percentage point to 1.5%. “Canada’s economy continues to operate close to its capacity and … Read More