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Interest rate News

Bank of Canada raises benchmark interest rate to 1.5 percent

Ottawa - The Bank of Canada raised its benchmark interest rate Wednesday by 1.5 percent, fully behind an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions.

The Bank of Canada holds, says it's worried about NAFTA

The Bank of Canada held its key interest rate at 1.00 percent on Wednesday, as expected. The bank added that it will take a more cautious approach to possible rate hikes going forward.

Op-Ed: Economic outlook and debt reduction for businesses

Businesses can benefit greatly from low interest rates currently available by prioritizing debt reduction in their organizations.

100,000 U.K. families paying 825% interest on illegal loans

Research conducted by a provider of affordable housing in Southern and Eastern England has revealed that more than 100,000 families in the U.K. are paying interest rates averaging 825 percent on money they obtained from loan sharks to pay for Christmas.

Wells Fargo: Interest rates to increase

In light of legislation establishing new rules regarding the raising of interest rates by credit card companies, Wells Fargo announced today they will increase their interest rates before the new rules go into effect.

Australia first G20 nation to raise interest rates

The Reserve Bank of Australia raised its chief interest rate today by a quarter of a percentage point to 3.25 becoming the first G-20 nation to do so.

High Drama in U.S. Financial Markets: Feds Rate Cut to Near 0

The Fed announced that they have dropped interest rates to near 0, which is the lowest level they have ever been. The hope is that this action can stop the bleeding at the banks and mortgage companies and turn the economy around.

Bank voted 7-2 to freeze UK rates

The Bank of England's rate-setting body voted 7-2 to keep UK interest rates on hold at 5.25% in February, minutes from its meeting have shown.

Payday Loans on the General Assembly Agenda

PayDay Loans or Loan Shark Loans??

Stocks Close higher On Better Economic News

NEW YORK - Stocks rebounded modestly Tuesday, withstanding choppy trading in an encouraging sign of stability following an earnings warning by Cisco Systems. Better-than-expected results from Intel and Texas Instruments after regular trading ended ...

Bank Of Canada Reduces Key Interest Rate By Quarter Point

OTTAWA — An optimistic Bank of Canada shaved its trend-setting rate Tuesday in the hope that only a bit more stimulus is needed to get the economy back on its feet. The central bank trimmed one-quarter of a percentage point, dropping the key rate t..

Interest Rate Cut Expected As Canadian Central Bank Looks To Boost Growth

OTTAWA — An interest rate cut is widely expected Tuesday as the Bank of Canada tries to light a fire under the cooling economy. The main question seems to be: will bank governor David Dodge use a match or a blowtorch? Most economists are predic..

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The Bank of Canada
The Bank of Canada
Wladyslaw (CC BY-SA 3.0)

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