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Jul. 13, 2017 at 9:41 am CDT

By Commodity News Service Canada July 13 (CNS Canada) – Canada’s largest banks have increased their prime lending rates 25 basis points this morning, in the wake of the Bank of Canada decision to increase its rate by the same amount yesterday. The Royal Bank, Bank of Montreal, Canadian Imperial […]

Jul. 12, 2017 at 4:15 pm CDT

By Commodity News Service Canada WINNIPEG, July 12 – The Canadian dollar ended much higher compared to its US counterpart on Wednesday, after the Bank of Canada hiked interest rates by 25 basis points to 0.75%. It was the first hike in nearly seven years and fueled a sharp rise […]

Jul. 12, 2017 at 9:59 am CDT

By Commodity News Service Canada July 12 (CNS Canada) – The Bank of Canada is raising its key overnight interest rate to .75 per cent from .5 per cent, marking the first interest rate hike in seven years. Canada’s central bank is also the first western nation central bank to […]

Jul. 11, 2017 at 3:58 pm CDT

By Commodity News Service Canada WINNIPEG, July 11 – The Canadian dollar ended slightly lower compared to its US counterpart on Tuesday, as investors took out positions ahead of the Bank of Canada’s monetary policy announcement on Wednesday. Most analysts say, regardless of whether the BoC adjusts the interest rate […]

Jul. 11, 2017 at 9:34 am CDT

By Commodity News Service Canada July 11 (CNS Canada) – The Canadian dollar was trading at 77.38 cents U.S. at 8:33 CDT (C$1.2923 per US$1). The loonie closed Monday at 77.59 cents U.S. (C$1.2888 per US$1). Canadian stocks were steady this morning, as investors appeared reluctant to make investments before […]