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Oct 21, 2008
Globe and Mail, Canada -
Economists are betting the big banks will once again break ranks with the Bank of Canada, and not match Tuesday's modest cut in benchmark interest rates. ... -
Oct 21, 2008
Globe and Mail, Canada -
The Canadian dollar fell more than a cent Tuesday morning after the Bank of Canada, as widely anticipated, cut its benchmark interest rate, although not as ... -
Oct 21, 2008
Vancouver Sun, Canada -
OTTAWA - Canada's benchmark stock index quickly fell more than 200 points and the loonie nosedived more than a cent to the mid-82 cents US level on Tuesday ... -
Oct 21, 2008
Globe and Mail, Canada -
Borrowing costs for Canada's banks are fast returning to a semblance of normality, increasing the chances that lenders will pass along today's quarter-point ... -
Oct 21, 2008
AFP -
OTTAWA (AFP) — The Canadian central bank said Tuesday the US economy was already in recession as it announced a second unscheduled interest rate cut this month to stimulate domestic demand. The contracting US economy would lead to a "mild" global recession, the bank ... -
Oct 21, 2008
guardian.co.uk, UK -
By Louise Egan OTTAWA, Oct 21 (Reuters) - Canadian investors were left hungry for more and slightly confused on Tuesday when the Bank of Canada surprised ... -
Oct 21, 2008
Reuters -
By Ros Krasny WASHINGTON, Oct 21 (Reuters) - US short-term interest rate futures on Tuesday tilted further toward an aggressive rate cut at next week's Fed ... -
Oct 21, 2008
Toronto Star, Canada -
TD Canada Trust says it will cut its prime lending rate by 35 basis points, the first of the big banks to follow the Bank of Canada's lead today on lowering the cost of borrowing. The unusual-sounding amount combines today's quarter percentage point cut by the central bank, which ... -
Oct 21, 2008
CTV.ca, Canada -
In a surprise move Tuesday, the Bank of Canada sliced interest rates by only one-quarter of a percentage point to 2.25 per cent -- a milder cut than what many investors were expecting. In a statement Tuesday, the central bank said three major interrelated developments ... -
Oct 22, 2008
Globe and Mail, Canada -
OTTAWA -- Canada faces a long period of economic stagnation caused by a potent mix of global forces that lie largely beyond Canadian policy makers' control, ...
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Oct 22, 2008
Globe and Mail, Canada -
When the chips are down, you sure find out who your friends are, don't you? The Canadian dollar can add the Bank of Canada to its growing list of fair-weather friends, after the central bank dropped its interest rate axe for the second time in two weeks yesterday ... -
Oct 22, 2008
Winnipeg Sun, Canada -
By PETER ZIMONJIC, NATIONAL BUREAU OTTAWA -- Banks that refuse to pass on interest-rate cuts undermine the Bank of Canada's ability to stabilize the economy , opposition critics said yesterday. ... -
Oct 22, 2008
Toronto Star, Canada -
Canada's big banks passed on the full value of the Bank of Canada's quarter percentage point interest rate cut yesterday, making it cheaper for consumers and businesses to borrow. Amid signs global economic conditions are worsening, Canada's central bank cut its trend-setting overnight ... -
Oct 22, 2008
The Gazette (Montreal), Canada -
OTTAWA - Interest rate cuts alone will not be enough to keep the Canadian economy out of recession, analysts warned Tuesday in the wake of a further quarter-point cut in rates by the Bank of Canada and a strong hint that there's more where that came ... -
Wednesday, October 22, 2008
Financial Post, Canada -
National PostCanada's five major banks cut prime rates Tuesday after the Bank of Canada shaved a quarter point off its benchmark rate. ... -
Thursday, October 23, 2008
Globe and Mail, Canada -
The major banks have fallen in line, passing on to consumers the full benefit of lower central bank interest rates with a corresponding cut to prime for most loans. But squeezed by their own increased short-term borrowing costs, they are still charging large premiums of a ... -
Thursday, October 23, 2008
Financial Times, UK -
By Peter Garnham The dollar held close to a two-year high against the euro and a five-year peak against the pound on Thursday as investors continued to shy away from risky assets as the prospects for the global economy continued to darken. Analysts said the dollar ... -
Thursday, October 23, 2008
Financial Post, Canada -
While all about have been losing their heads, the Bank of Canada seemed determined to keep its yesterday. The central bank cut its benchmark lending rate by a quarter of a percentage point to 2.25%, forgoing the more forceful half-point cut many Bay Street economists had ... -
Thursday, October 23, 2008
MarketWatch -
The average 15-year fixed rate mortgage nosedived to 5.93 percent, while the average jumbo 30-year fixed rate dropped to 6.32 percent. Adjustable mortgage rates were moderately lower, with the average 1-year ARM now 6.14 percent and the average 5/1 ARM ... -
Thursday, October 23, 2008
Money Magic Mortgage News, UK -
Mortgage lender Abbey has cut the rate on its three-year fixed-rate product, citing rising demand for fixed-rate mortgages as the reason. The bank''s monthly remortgage index highlighted that such offerings have increased in popularity for the third consecutive month, ...
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