While this is the smallest rise in interest over the past year, interest rates will stay high for the foreseeable future making larger spending more difficult than previous years. This has an impact on the day-to-day lives of all Canadians, including Canada’s newest im...
Years ago, Canadian interest rates began to climb in response to rising inflation concerns. The Bank of Canada’s (BoC) decision to cut interest rates by 50 basis points (bps) today, however, reflects concerns about a slowing economy and the risks of deflation. Currently, the economy...
We’ve been monitoring high-interest savings account interest rates for years. To help give you a snapshot of how ongoing interest rates have changed over the years, take a look at this chart comparing rates from a Big Five Bank (Scotiabank) and a digital bank (Simplii Financial) from 2020...
Over the past 30 years, the Bank of Canada has raised rates ranging from 1.25 to 3.2 percentage points on six different occasions (prior to the significant current rate hikes). The one thing they all had in common was that it didn’t take long for each of them to be followed by a p...
5 years (interest-only payments in the first year) 18 to 39 years old Business creates full-time sustainable employment Expertise related to your business idea Solid business plan Must have min. 51% controlling ownershipRelated: Compare 32+ business loans for small to large businesses in Canada ...
Other debt arrangements, such as multi-year GICs and HISAs, typically feature compound interest, which means the issuer pays interest on previous years’ interest as well as the principal. Fixed vs. variable With a fixed interest rate, the rate stays the same over the term of the loan. ...
The cointegration results from a vector error-correction model find a long-run relationship between short- and long-term interest rates; the term spread is an unbiased predictor of changes in short-term rates over the long run. The multi-period forecast of changes in future short-term rates ...
Capital expects the Bank will tone down or even drop its tightening bias next week because of developments since its last meeting in October. Oil prices, a big driver of inflation, have fallen back after a spike over the Israel-Hamas war to below what the Bank forecast in its October monet...
The Canada 10 Year Benchmark Bond Yield is the yield received for investing in a Canadian government issued bond with a maturity of 10 years. The 10 year benchmark bond yield is included on the long end of the yield curve. The yield of the 10 year bond is closely watched by central ba...
The Canadian central bank in Januarycut its outlookfor 2019 following the abrupt drop in oil prices last year. However, it said at the time the impact was expected to be temporary and reiterated the need to continue raising interest rates over time. ...