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The US central bank just cut interest rates

The US central bank just cut interest rates

The US central bank just cut interest rates — so what do Canadian policymakers do next? It’s your move, Canadian policymakers. Last month, the US Federal Reserve slashed its benchmark rate by 25 basis points to a target range of 2 percent to 2.25 percent. The last time the Fed trimmed its target was 2008, […]

Major lenders hike rates following BoC decision

Major lenders hike rates following BoC decision

Major lenders hike rates following BoC decision Canada’s major banks have been quick to react to the Bank of Canada’s decision to raise interest rates to 1.25%. CIBC, RBC, Scotiabank and TD were among the first lenders to increase their prime lending rates by 25 basis points to 3.45%; the new rates take effect from […]