REALTORS® serving Calgary and area

 

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Calgary's trusted source of real estate news, advice and statistics since 1983.

 

Stories Tagged - Stephen Poloz

Courtesy Bank of Canada
News

March 20, 2020 | Tyler Difley

Bank of Canada makes emergency rate cut amid COVID-19 pandemic

In an unscheduled move, the Bank of Canada (BoC) recently announced it was cutting its overnight lending rate to 0.75 per cent, effective March 16. The move was made to counter the negative economic repercussions of the COVID-19 pandemic and plummeting oil prices.

News

April 13, 2015 | CREBNow

Morning news rundown

News

Jan. 28, 2015 | CREBNow

Insight: Looking at the overnight rate decrease

The Bank of Canada surprised many Canadians last week when it reduced the overnight interest rate from one to 0.75 per cent.

Bank of Canada governor Stephen Poloz cited plummeting oil prices as motivation behind the drop, which represents the first time the bank has changed the rate since September 2010.

"The drop in oil prices is unambiguously negative for the Canadian economy," he said.

"Canada's income from oil exports will be reduced, and investment and employment in the energy sector are already being cut."
News

Jan. 21, 2015 | CREBNow

Overnight rate lowered after more than four years

For the first time since September 2010, the Bank of Canada has changed the overnight interest rate. By decreasing it.

The rate is now 0.75 per cent.

In a release from the bank:
News

April 30, 2014 | CREBNow

Morning News Rundown


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