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What Fairfax’s CEO is saying about interest rates

May 19, 2018 by Greg Meckbach

As 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

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Bank of Canada head explains why Canada’s interest rates are so low

December 14, 2017 THE CANADIAN PRESS

TORONTO – 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,

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Bank of Canada rate stays at 0.5%

May 24, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – 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

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U.S. Federal Reserve raises benchmark interest rate 0.25 points

March 15, 2017 THE CANADIAN PRESS

TORONTO – 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

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Higher interest rates could help global economy: ex Bank of Canada boss

December 2, 2016 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – 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