{"id":694,"date":"2016-01-21T08:55:15","date_gmt":"2016-01-21T16:55:15","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=694"},"modified":"2016-01-21T09:23:31","modified_gmt":"2016-01-21T17:23:31","slug":"no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/","title":{"rendered":"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports"},"content":{"rendered":"

The Bank of Canada announced today that it is keeping the key interest rate target at 0.5%, contrary to the expectations of some of the country\u2019s biggest banks.<\/p>\n

\u201cThe Bank\u2019s Governing Council judges that the current stance of monetary policy is appropriate,\u201d said the central bank in a statement earlier this morning.<\/p>\n

Twice last year the Bank of Canada cut the key interest rate, which influences mortgage rates as it is the rate applied to day-to-day lending among the banks themselves.<\/p>\n

The first 2015 cut caught many off guard. At the time, the rate had not been lowered since April 2009, when the central bank cut the key rate by 25 basis points to 0.25%.<\/p>\n

Following the 2009 cut, the rate gradually rose to a peak of 1%, where it remained until January 2015.<\/p>\n

Given oil prices have continued to fall since the most recent cut in July, a number of observers had predicted another 25-basis-point cut.<\/p>\n

\u201cPrices for oil and other commodities have declined further and this represents a setback for the Canadian economy,\u201d the bank acknowledged in its statement.<\/p>\n

But it also noted Canada is transitioning to a more export-driven economy, fueled in part by the Loonie\u2019s tumble, which has sparked demand in the US.<\/p>\n

\u201cNational employment remains resilient despite job losses in the resource sector and household spending continues to expand,\u201d the bank added.<\/p>\n

However, David Madani, economist for global market researcher Capital Economics, speculated a future cut in commentary published after the bank\u2019s announcement.<\/p>\n

\u201cWhile fiscal stimulus will help to support economic growth, the Bank\u2019s faith in its export-led recovery plan still looks misplaced,\u201d he said.<\/p>\n

\u201cAccordingly, we wouldn\u2019t rule out another rate cut in March or April at the latest.\u201d<\/p>\n

The bank is scheduled to announce its next target for the overnight rate on March 9th.<\/p>\n

No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports<\/a> by Josh Sherman | Buzz Buzz Home<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bank of Canada announced today that it is keeping the key interest rate target at 0.5%, contrary to the expectations of some of the country\u2019s biggest banks. \u201cThe Bank\u2019s … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-694","post","type-post","status-publish","format-standard","hentry","category-mortgage"],"yoast_head":"\nNo Change to Key Interest Rate as Bank of Canada Sees Strength in Exports • Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports • Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The Bank of Canada announced today that it is keeping the key interest rate target at 0.5%, contrary to the expectations of some of the country\u2019s biggest banks. \u201cThe Bank\u2019s … [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports\",\"datePublished\":\"2016-01-21T16:55:15+00:00\",\"dateModified\":\"2016-01-21T17:23:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/\"},\"wordCount\":333,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Mortgage\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/\",\"name\":\"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports • Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2016-01-21T16:55:15+00:00\",\"dateModified\":\"2016-01-21T17:23:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/01\\\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling & Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports • Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/","twitter_card":"summary_large_image","twitter_title":"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports • Rory C Real Estate | Oakwyn Realty","twitter_description":"The Bank of Canada announced today that it is keeping the key interest rate target at 0.5%, contrary to the expectations of some of the country\u2019s biggest banks. \u201cThe Bank\u2019s … [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports","datePublished":"2016-01-21T16:55:15+00:00","dateModified":"2016-01-21T17:23:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/"},"wordCount":333,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Mortgage"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/","url":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/","name":"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports • Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2016-01-21T16:55:15+00:00","dateModified":"2016-01-21T17:23:31+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2016\/01\/no-change-to-key-interest-rate-as-bank-of-canada-sees-strength-in-exports\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling & Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=694"}],"version-history":[{"count":2,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/694\/revisions"}],"predecessor-version":[{"id":696,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/694\/revisions\/696"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}