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The bank’s total return of 28.8 per cent in the past five years ranks it leagues behind four of its Big Six competitors. Last August, when Scotiabank had the worst-performing stock among Canada’s big.
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Fed saw July rate cut as insurance for growth and inflation Inflation holds steady at 2%, tempering case for rate cut Calls for Bank of canada rate cuts gain momentum if ‘things turn ugly’
The Bank of Canada shocked markets today by cutting its key overnight lending rate by a quarter of a percentage point, citing the economic threat posed by plunging oil prices. But it’s even more important to Canada’s economy which is much smaller than the US economy.
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
Bank of Canada to ‘reluctantly’ cut rates, CIBC says in breaking from its peers www.theglobeandmail.com – June 10 at 8:35 AM National Bank donates $300,000 to Right To Play in support of Indigenous youth
The central bank has been reluctant to cut rates further, citing concerns about ballooning household debt levels and overvalued real estate, especially in Toronto and Vancouver. In its latest.
Fed saw July rate cut as insurance for growth and inflation Inflation holds steady at 2%, tempering case for rate cut Calls for Bank of Canada rate cuts gain momentum if ‘things turn ugly’
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The Bank of Canada Cuts Rate to 0.5% Posted on July 15, 2015 by Penelope Graham 1 Comment So much for "one and done" – the Bank of Canada has implemented a quarter-of-a-percentage cut to its trend-setting Overnight Lending Rate.
Canadian Imperial Bank of Commerce now expects the Bank of Canada to cut interest rates next year, albeit "reluctantly." CIBC senior economist Royce Mendes and his colleague Ian Pollick, head.