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Interest rates News

Op-Ed: Investors making big money, but where are the trillions going?

New York City - Anyone who knows the stock market will get wary when things are too good to be true. The stock market is on a binge of price rises, and some experts are already saying “look out”. Ironically, there's a potential major benefit here.

JP Morgan creates 'Volfefe Index' to gauge impact of Trump tweets

Analysts at JPMorgan Chase & Co. have created the "Volfefe index" to gauge the impact of Donald Trump’s tweets on U.S. interest rates, which they say is on the rise.

U.S. interest rate movement is following the market

The Federal Reserve has raised interest rates for the fourth time this year. However, this is in response to market conditions, according to Peter Kendall and Steven Hochberg from Elliott Wave International.

Feds move to regulate the payday loan industry with new rules

The Consumer Financial Protection Bureau (CFPB) has turned its big guns on the payday loan industry. The CFPB is proposing new regulations designed to protect consumers caught in a never-ending cycle of debt.

Op-Ed: What you need to know about Friday's U.S. jobs report

Normally, the August jobs number is revised higher, not lower. Because of education related jobs and other variables, the August report has been notorious for upward revisions; typically at least 35,000 positions are added to the initial count. Not today.

Federal Reserve decides to keep interest rates the same

The Fed is still on hold. On Thursday, the Federal Reserve kept its benchmark interest rates pegged at 0 percent-0.25 percent, where they’ve been since December 2008.

Fed considers interest rate hike in 2015, first since recession

Washington - The first Federal Reserve interest rate increase since the financial crisis will likely occur in 2015, said Fed official Jerome Powell on Tuesday.

Bank of Canada leaves lending rate at 0.75 per cent

Ottawa - The Bank of Canada announced that it will be maintaining the overnight interest rate at a low 0.75. The bank rate will be one per cent and the rate on deposits 0.50 per cent.

Importance of Interest Rates is lesson in itself, advisor says Special

Sonoma - Often times when people invest they do not pay much attention to interest rates unless the rates jump up real high or drop real low. Yet, financial advisors like Darren Blonkski of Edward Jones Investments believes people should take the time to learn.

Will new mortgage rules in UK push up rates again?

From Saturday April 26, new rules will apply for anyone wishing to take on a new mortgage in the UK. Prospective buyers will be quizzed on a number of personal lifestyle expenditures before a loan is granted.

Op-Ed: Claims UK jobless total is falling sparks interest rate rise fear

London - News that unemployment in the UK is apparently falling is a mixed blessing. The Office of National Statistics, ONS, reports the jobless rate is down for the third quarter in a row to 7.6 percent, the lowest since 2009.

Op-Ed: Interest rates should be determined by market, not central banks

Washington - Since the collapse of the United States economy at the height of the Great Recession in 2007 and 2008, consumers and governments have given interest rates a bad reputation. Is it wrong to blame them?

Op-Ed: Global banks are rate rigging in Singapore

The Monetary Authority of Singapore censured banks for trying to rig benchmark interest rates. Many important, global banks are involved, but the consequences are insignificant.

Canadian debt to income ratio reaches new record high

Ottawa - Last quarter, the Canadian household debt ratio to disposable income rose to 165% slightly above the already alarming ratio of 164.7% the previous quarter.

Op-Ed: Can Islamic Finance save us from the Banksters?

The governments of the world lurch from crisis to crisis as they try to prop up the corrupt, debt-based money system, but there is a positive alternative if they have the courage to take it.

Op-Ed: Canadians increase debt by six percent in fourth quarter of 2012

Ottawa - A report issued in December 2012 indicated that the overall debt of Canadians had increased by 164 percent. A report released by TransUnion says that the personal debt load, not including mortgages,increased by six percent in the fourth quarter of 2012.

Mark Carney: Interest rate hike warnings being heard by Canadians Special

Toronto - Bank of Canada Governor Mark Carney delivered a speech to the Toronto CFA Society where he discussed guidance of central bank policies. Carney stressed the importance of transparency in monetary policy and the market’s response to the interest rates.

Australian Central Bank lowers interest rates to boost economy

Canberra - The Reserve Bank of Australia has lowered its interest rate from 3.25% to 3% to help bolster the economy. This is the lowest interest rate level since 2009

Op-Ed: Voodoo Economics at the Bank of England

London - The Governor of the Bank of England is paid a salary of over £300,000. For that sort of money, it might be expected he gets things right occasionally. Alas...

Canadian housing market may be unattainable for young adults

According to a new study by RBC Bank, the Canadian housing market could be facing some major challenges in 2013 if interest rates begin to rise. For young adults these rates and the overall costs may be a factor for living with mom and dad.

Op-Ed: How many idiots does it take to fix a global economy? Too many

Sydney - Globalization has revealed exactly how many idiots, elected and otherwise, there are in top echelons in business and government around the world. They insist on using old logic to solve new problems.

OECD warns 'severe recession', urges Canada to hike interest rate

Paris - The Organization for Economic Co-operation and Development (OECD) published its latest report Tuesday, in which it notes of a "severe recession" due to the Eurozone crisis. It also urged Bank of Canada Governor Mark Carney to raise interest rates.

Op-Ed: Ripoff — New bank rules mean the end of ‘high’ interest savings

Sydney - Talk about ridiculous. The banks are borrowing from central banks at artificially low rates. They now want to reduce the rates paid on savings, as a result of issues created by their own mistakes.

United States Federal Reserve Keeps Rates Unchanged

The Federal Reserve decided on Tuesday to continue the run of near-zero interest rates, choosing not to tamper with what some have called the beginning of an economic recovery.

Op-Ed: Economists — When are you going to get anything right?

Sydney - Economics is the science that got lost in itself and still can't find the way out. The theories, the principles and the machinery of a lost world are now still clanking on, ineffectually. The science bleats on as the machine falls to bits.

Italy's record interest rates at auction

Italy’s borrowing rates have gone way up after bond auctions took place on Friday. Now the country has been forced to pay record interest rates.

Obama's changes to student loans: What they actually mean

President Obama announced changes to student loans on Wednesday, that will come into effect in January. However they will only apply to federal, rather than private student loans, and changes to the repayment program will only benefit the poorest.

Bank of Canada: Optimistic forecasts will lead to rising rates

This morning the Bank of Canada kept interest rates steady but announced that rising inflation, the growing value of the Canadian dollar and an unexpectedly quick and healthy recovery would soon spell an end to historically low rates.

Bank of Canada encouraged by growth, holds interest rate

Ottawa, Canada -- The Bank of Canada has announced that its key lending rate will remain unchanged at a record low 0.25 percent. Strong economic growth is cited as the prime reason.

Bernanke: Lax Regulation to Blame for Housing Bubble

Ben Bernanke, Chairman of the U.S. Federal Reserve, said on Sunday that a lack of regulation, rather than low interest rates, was the main reason for the housing bubble which, when burst, was largely responsible for the recent global financial crisis.
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MasterCard and VISA credit cards are seen in this illustrative photo
MasterCard and VISA credit cards are seen in this illustrative photo
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The Bank's Head Office / Siège de la Banque du Canada
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