Will the Bank of Canada lower the prime rate to lower the value of the Canadian $?

Apr 01, 2008 by America | Posted in Canada


The BoC has indicated that they are not necessarily move interest rates in the same direction as the US Fed.

For the currency to depreciate vis a vis the US dollar, we're going to have to lower the interest rate more than the US Fed lowers

CHARLES R | Apr 01, 2008

The BoC has indicated that they are not necessarily move interest rates in the same direction as the US Fed.

For the currency to depreciate vis a vis the US dollar, we're going to have to lower the interest rate more than the US Fed lowers
CHARLES R | Apr 01, 2008

What is Bank of Canada Prime right now?

May 10, 2008 by Mr.Jim Lahey | Posted in Other - Business & Finance

I am trying to tell my buddy what the rate is. But he swears that it's a different rate right now. I already know what it is...I'm a Mortgage Consultant! So all I need is a few ppl who agree with me on the actual Bank of Canada prime rate, to set him

I haven't checked in the last few days but I believe last time I was at work it was 4.75%

Proud Mommy of 3! | May 10, 2008

Bank of Canada Announcement July 19, 2011

Mortgage Rob - local mortgage broker servicing Cloverdale, Langley and the Fraser Valley provides comments on the Bank of Canada leaving the ...

HSBC Bank Canada Second Quarter and First Half 2011 Results*

29.07.11

(Source: Canada Newswire) VANCOUVER, July 29, 2011 /CNW/ -

Profit attributable to common shareholders was C$191m for the

Profit attributable to common shareholders was C$333m for the

Return on average common equity was 21.3% for the quarter ended

Source: istockAnalyst.com (press release)

bank of canada prime rate - Bookshelf


Determinants of the prime rate, 1975-1989
44 pages 		Determinants of the prime rate, 1975-1989

Creator: Scott Hendry, Bank of Canada | Prime rate - 1992
The Canadian encyclopedia
2736 pages 		The Canadian encyclopedia

Creator: James H. Marsh | History - 1988
In an effort to combat the impact on bank earnings, the margin or difference between the prime rate and the cost of funds was pushed to the highest level in ...
The Economics of Money, Banking and Financial Markets
752 pages 		The Economics of Money, Banking and Financial Markets

Creator: Mishkin, Frederic S, Serletis, Apostolos | Business & Economics - 2004-03-15
In setting its inflation targets, the Bank of Canada uses the rate of change ... bank rate influence other rates, such as the prime rate (the interest rate ...
Publisher: Pearson Addison Wesley

Factors influencing the fixed and variable rate mortgage Canadian ...

by admin

Turbulent recent weeks in the world economy has been playing havoc with interest rates as the Bank of Canada was one of several global central banks to place their preferential interest rates to try to stem the economic downturn. The typical reaction of the big banks is to follow the lead of Bank of Canada and lower their prime rates – by a similar amount, although it did not happen last week. Royal Bank, TD and Scotiabank, along with the rest just dropped its rate by 0.25% in the first against the decrease of 0.50% by the federal government. This resulted in Canada’s mortgage rates actually increasing which in turn goes against the normal market behavior. This translates into a very interesting question – it really affects mortgage rates in Canada

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bank of canada prime rate - News


Why Canada Is Beating America
Wall Street Journal - Jul 31, 2011
While the US remains mired in debt and slogs through a subpar economic recovery, Canada is moving ahead steadily. Its unemployment rate peaked at a little over 8.5% and is now 7.4%, and there were no bank bailouts.

Here's how to get a better rate from your bank
Toronto Star - Jul 25, 2011
Is the interest rate an introductory one, and when might it change? Is it tied to the Bank of Canada's prime rate, which is expected to start moving up later this year? If there's a cashback incentive involved, are there any instances when you would be

HSBC Bank Canada Second Quarter and First Half 2011 Results*
istockAnalyst.com (press release) - Jul 29, 2011
HSBC Bank Canada Second Quarter and First Half 2011 Results* borrowings and consumer finance receivables, and spread compression on deposits resulting from competitive pressures, partially offset by the benefit from increases in Bank of Canada interest rates which impacted the bank's prime rate-based assets.

Economists looking for signs of rate hike timing
CTV.ca - Jul 17, 2011
Economists looking for signs of rate hike timing With the Canadian economy on track, it is not a question of whether the central bank should raise rates, but rather when the increase will come. But faced with a growing credit crisis in Europe and fiscal gridlock in the United States, Bank of Canada

The Economy is Great
FFWD - Jul 28, 2011
Keynote speakers included chief economists from Canadian and foreign banks, a former advisor to the US president and the deputy governor of the Bank of Canada. Kickstarting the affair was an 8 am session with Bank of Canada deputy governor John Murray

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