Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Bank of Canada Governor Wilkins : Press Conference…
Good morning, and thank you for joining Senior Deputy Governor Wilkins and me to discuss today’s interest rate decision. Before turning to your questions, let me briefly summarize today’s announcements. First, we have lowered our…
Bank of Canada lowers overnight rate target to…
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled…