Central Bank Watch
Bank of Canada’s Overnight Rate Left 0.25%
December 9, 2020
Since a trio of 50-basis point reductions of the overnight central bank rate target last March to 0.25%, monetary policymakers have used other tools to promote growth, lift inflation, keep Canadian interest rates low across the whole yield curve. Forward guidance commits to continuing asset purchases at a pace of at least C$4 billion per […] More
New Overnight Developments Abroad - Daily Update
Optimism from the Vaccine and Policy Developments
December 9, 2020
Once again stocks have risen and the dollar fallen from optimism that the arrival of vaccines means the beginning of a return to a better normal. The focus on vaccines coincides with difficult trends in Covid cases, deaths and hospitalizations. New cases in the past 24 hours exceed 600k globally and 216k in the United […] More
