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Bank of Canada Maintains Rates as Inflation Dips

Inflation has at last dipped below 3%, a move that brings inflation within the Bank of Canada's established long-term target range of 1-3%. Despite this, the Bank of Canada has chosen to persist with its policy of quantitative tightening, maintaining the overnight rate at 5%, Bank Rate at 5¼% and the deposit rate at 5%.

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Policy Rate Unchanged as Bank of Canada Advances Quantitative Tightening

Explore the Bank of Canada's latest rate announcement where it maintains its policy rate and continues with quantitative tightening amid global economic slowdown. Uncover how these monetary measures interact with Canada's economic outlook and global financial dynamics.

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Bank of Canada Holds Policy Rate Steady at 5% Amid Global Economic Shifts

In its most recent rate announcement, the Bank of Canada opted to maintain its target for the overnight interest rate at 5%, while keeping the Bank Rate at 5¼% and the deposit rate at 5%. The bank is continuing its course of quantitative tightening, and insistent on restoring price stability in Canada.

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ETFs vs Mutual Funds: Which is Right for You?

Exchange-Traded Funds (ETFs) and mutual funds are two very popular investment vehicles that allow you to invest in a diversified portfolio of assets, without directly owning the underlying securities. While both aim to help investors achieve their financial goals, they have distinct characteristics that make them suitable for different investment strategies.

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