Raise Interest Rates, to Slow Inflation; Bank of Canada
Submitted by Girish Kumar Guha on Mon, 05/31/2010 - 21:38
According to most economists, Bank of Canada Governor Mark Carney will probably raise interest rates, to slow inflation. Fixed-income investors aren’t so sure.
Twenty-five of 27 economists in a Bloomberg survey said that Carney would augment the record low lending rate by a quarter- percentage point to 0.5 percent, the first Group of Seven central banker to do so since last year’s global recession.
Carney's To Hike Rates
Submitted by Amiri Halberg on Sat, 05/29/2010 - 17:08
Blair Gable Mark Carney, current Bank of Canada governor, is due to hike rates since taking the top job 27 months ago.
It is posted that thirty-two of 40 forecasters polled by Reuters speculated the Bank of Canada to hike rates by 25 basis points on June 1 to 0.50 percent.
Canada's 12 primary securities dealers showed unanimity in their views. POLL20 Eight of 40 believed rates to stagnate till next week.
Carney Might Increase Interest Rates
Submitted by Girish Kumar Guha on Sat, 05/29/2010 - 14:45
Bank of Canada Governor, Mark Carney has had a hectic time after taking over as the nation's central banker 27 months back, mainly dealing with the fiscal crisis, planning the way for recuperation and bolstering Canadians that eventually the bank's amazing policies would work.
The one thing that he still has to do during his tenure, however, is to raise interest rates. That may be about to change on Tuesday.
OECD Report Says, Bank of Canada should Increase Interest Rates Gradually
Submitted by Girish Kumar Guha on Thu, 05/27/2010 - 18:50
The financial regulator for the globe's most industrialized nations says that the Bank of Canada should begin increasing interest rates without delay to battle price rise.
The Organization for Economic Co-operation and Development said in a report released on Wednesday that the central bank should tighten its policy lending rate slowly, but without any holdup.
Focus on Personal Savings for Retirement Urged by Ex-BoC Chief
Submitted by Girish Kumar Guha on Fri, 03/19/2010 - 21:15
Ex-Governor of Canada's central bank, the Bank of Canada, David Dodge has stressed that Canadians should now start saving far more money than earlier estimated if they want to retire comfortably, and this includes even those Canadians who tend to think that they have really good company pension plans and robust RRSPs.
Bank of Canada Expected To Maintain Target Rates at 0.25%
Submitted by Manish Verma on Fri, 02/26/2010 - 22:18
All 12 primary securities dealers surveyed by Reuters speculate the Bank of Canada to maintain its overnight target rate on Tuesday at 0.25 percent.
