The Bank of Canada frustrated borrowers when it held the line on its overnight rate this week, but savers and investors had to be happy with the status quo.
last month as a star product for investors who want to park money safely at no cost. Back then, 4.85 per cent was a top rate for ISAs.
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Three major China banks to lower rates on existing first-home mortgagesBEIJING (Reuters) - Three of China's major state banks said on Thursday they will start to lower interest rates on existing mortgages for first-home ...
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Bank of Canada may need to raise rates again, despite this week's hold: MacklemCALGARY — Bank of Canada Governor Tiff Macklem says the central bank may have to raise interest rates further, given inflation may stay high for some time. That’s according to prepared remarks the governor is delivering before the Calgary Chamber of Commerce today. His speech comes one day after the central bank decided to hold its key interest rate steady at five per cent as signs of a slowing economy grow. However, Macklem says today that the central bank’s governing council agreed rates may n
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