Bank of Canada expected to leave interest rates unchanged
Tuesday January 25, 2005
The CBC reports that Canadians should not expect interest rates to go up when the Bank of Canada makes their policy announcement today:
"Canada's central bank is expected to leave interest rates unchanged on Tuesday when it makes its latest monetary policy decision.
The Bank of Canada's key overnight rate – what big banks charge each other for overnight loans – currently stands at 2.50 per cent.
The central bank left rates unchanged at its last meeting in December following two rate hikes in the autumn."
If American interest rates keep rising and Canadian rates stand pat, expect to see the Canadian Dollar fall in value as U.S. Dollar denominated interest-bearing securities become more attractive to investors.
Interest Rate Resources:
1. What are Interest Rates?
2. A Beginner's Guide to Economic Indicators
3. Calculating and Understanding Real Interest Rates
4. Federal Funds Rate Hiked 25 Basis Points - December 14, 2004
5. Articles on interest rates
"Canada's central bank is expected to leave interest rates unchanged on Tuesday when it makes its latest monetary policy decision.
The Bank of Canada's key overnight rate – what big banks charge each other for overnight loans – currently stands at 2.50 per cent.
The central bank left rates unchanged at its last meeting in December following two rate hikes in the autumn."
If American interest rates keep rising and Canadian rates stand pat, expect to see the Canadian Dollar fall in value as U.S. Dollar denominated interest-bearing securities become more attractive to investors.
Interest Rate Resources:
1. What are Interest Rates?
2. A Beginner's Guide to Economic Indicators
3. Calculating and Understanding Real Interest Rates
4. Federal Funds Rate Hiked 25 Basis Points - December 14, 2004
5. Articles on interest rates
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