US Fed Raises Interest Rates By .25%

US Fed Raises Interest Rates By .25%

The US Federal Reserve has increased interest rates by 0.25% for the first time since 2006. In it’s statement, the committee said: “The committee judges that there has been considerable improvements in labor market conditions this year, and it is...
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...