Rate Cut? What Does This Mean for Me?

Rate Cut? What Does This Mean for Me?

The Bank of Canada has shocked the market by cutting the overnight rate by 25bps to 0.75%. This puts the prime lending rate in Canada down to 2.75%. The BofC commented the rate cut was due to the economic threat of the drop in oil prices. What this means to you: For...
Bond Yields Break Record!

Bond Yields Break Record!

Last Thursday, those of us keeping an eye on the 5 year Canadian bond yield watched it break the all-time low, falling all the way down to 1.01%. This is a big fall in a rather short period of time given back in September of 2014 the 5 year bond yield in Canada was...
Bank of Canada Holds Steady… Again.

Bank of Canada Holds Steady… Again.

For four years straight the Bank of Canada Prime rate will stay at 3%. There was nothing in the statement from the Bank of Canada that hints there will be an increase in the short term either. Some points from the statement: Inflation is close to the 2% target and is...