Will higher interest rates kick-start M&A?
September 26, 2018 by Jason ContantWhat impact do rising interest rates have on P&C companies conducting mergers and acquisitions? We’re about to find out, as the Bank of Canada is widely expected to raise the interest rate target at an Oct. 24 rate announcement. “The…
Bank of Canada keeps key interest rate target on hold at 1.25 per cent
May 30, 2018 Craig Wong - THE CANADIAN PRESSOTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday, but noted the Canadian economy was a little stronger than expected in the first quarter, raising expectations that rate hikes are coming later this year…
What Fairfax’s CEO is saying about interest rates
May 19, 2018 by Greg MeckbachAs Canadian insurers struggle with auto claims and weather-related losses, relief may be in sight in the form of interest rate increases. “We think interest rates will go up over time because the economy of the U.S. is doing very…
Bank of Canada head explains why Canada’s interest rates are so low
December 14, 2017 THE CANADIAN PRESSTORONTO – Bank of Canada governor Stephen Poloz says with the economy running at close to full tilt, a mechanical approach to setting interest rates would suggest higher borrowing rates should already be in place. But in a speech Thursday,…
Bank of Canada rate stays at 0.5%
May 24, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Uncertainties continue to obscure the economy’s stronger-than-expected start to the year, the Bank of Canada said Wednesday as it stuck with its trendsetting interest rate of 0.5 per cent. In explaining its decision to hold the rate, the…
U.S. Federal Reserve raises benchmark interest rate 0.25 points
March 15, 2017 THE CANADIAN PRESSTORONTO – Stock indexes in Toronto and New York surged, while the loonie rose nearly a full U.S. cent, after the U.S. Federal Reserve raised its benchmark interest rate for the second time in three months. As widely expected, the…
Higher interest rates could help global economy: ex Bank of Canada boss
December 2, 2016 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Former Bank of Canada governor David Dodge says the world economy might be better off if policy-makers bumped interest rates a little bit higher. In prepared remarks for a speech today, Dodge says boosting borrowing costs would help…