Sentences with phrase «canadian policy interest rate»

The overnight rate is the base rate at which banks lend money to one another on a regular basis in Canada; in other terms, it is the Canadian policy interest rate.

Not exact matches

The divergence in policy between the U.S. Federal Reserve and the Bank of Canada is happening: the Fed likely will raise interest rates at least a few times in 2017, while the Canadian central bank likely will do nothing at all.

Much of the effectiveness of Canadian monetary policy depends on the Bank of Canada's credibility: managing expectations for the future is at least as important as setting short - term interest rates.

Although Mark Carney has been unable to compel Canadians to stop borrowing as long as his interest rate policy encourages the opposite, credit growth has at least begun to slow.

Speaking in Montreal on Thursday, central bank governor Stephen Poloz called household debt a major risk to the Canadian economy, suggesting the fear of stoking more borrowing as one reason he has not been even more dovish on interest rate policy.

A recent report by the Conference Board of Canada estimates that, based on the pace of the Canadian economy (and ignoring factors that are constraining our maneuvering space on monetary policy, such as the situation in Europe and the Fed's interest rate target), our key interest rate right now should be 2.5 per cent.

Policy makers also are worried that a decade of ultra-low borrowing costs has made Canadians extra-sensitive to interest - rate increases, which could force the central bank to take a slower path back to normal.

After the unexpectedly rapid turnaround in monetary policy by the Bank of Canada — with July's increase in Canadian interest rates coming almost a year earlier than had been widely predicted only a few weeks earlier — the attention of market participants turned to Australia, where interest rates remained at record lows.

The BOC and its Governor are responsible for setting monetary policies, printing money and determining the Canadian banks» interest rates.

We anticipate low Canadian interest rates, anchored by still low global inflation and broadly accommodative monetary policy.

Though interest rates aren't likely to rise until about mid-2011, policy makers are worried that too many Canadians won't be able to handle higher payments when they do.

OTTAWA — The financial health of Canadian households improved ever so slightly in the final three months of 2013, a development that will give some comfort to the Bank of Canada in maintaining its low - interest - rate policy.

The central bank is keeping its key interest rate in place with the Canadian economy showing signs of improvement — but it also warns of the significant uncertainty tied to potential policy changes by the United States, its largest trading partner.

The market has been hit by a confluence of policies: Ontario's Fair Housing Policy, including a foreign buyers» tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada's moves to increase interest rates.

«The governor of the Bank of Canada made an early year commitment to Canadians that the central bank would stand by its low interest rate policy into 2010,» says Phil Soper, CEO of Royal LePage Real Estate Services.