BofC Alert: Keeping an eye on the Bank of Canada

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Overnight Averages

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EVERYDAY ECONOMIC NEWS

Thinking of flipping? Think again
The cost of buying and selling a home is greater than you may realize.

Housing data paint a mixed picture
Starts are up, but existing home sales are down. Is the housing market starting to cool?

Will rate cuts prolong Canada's real estate surge?
Neither a weakening stock market, a housing sector slump south of the border nor a fear of global recession seems to hurt Canada's housing market.

More Stories

Schedule of upcoming Bank of Canada rate announcements in 2007:

January 16, 2007

March 6, 2007

April 24, 2007

May 29, 2007

July 10, 2007

September 5, 2007

October 16. 2007

December 4, 2007

Recent Bank of Canada actions:
Date	Action	Overnight rate (after announcement)
July 10, 2007	+ 1/4%	4.5%
January 16, 2007	No change	4 1/4%
December 5, 2006	No change	4 1/4%
October 17, 2006	No change	4 1/4%
September 6, 2006	No change	4 1/4%
July 11, 2006	No change	4 1/4%
April 25, 2006	+ 1/4%	4.0%
March 7, 2006	+ 1/4%	3 3/4%
January 24, 2006	+ 1/4%	3 1/2%
December 6, 2005	+ 1/4%	3 1/4%
October 18, 2005	+ 1/4%	3.0%
September 7, 2005	+ 1/4%	2 3/4%
October 19, 2004	+ 1/4%	2 1/2%
September 8, 2004	+ 1/4%	2 1/4%
April 13, 2004	- 1/4%	2.0%

CALCULATORS
Are you looking to crunch some numbers?

•	Loan payment calculator with amortization schedule	•	Calculate the real cost of your debt
•	The true cost of paying the minimum		MORE

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