BofC Alert: Keeping an eye on the Bank of Canada

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Overnight Averages

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EVERYDAY ECONOMIC NEWS

Do Canadian households carry too much debt?
Canadian families appear be handling their current record borrowings -- but a sharp rise in interest rates could change that.

Taking away the punch bowl
Borrowing costs have been low for some time now. But that may change soon.

Are we in a housing bubble?
As home prices continue to climb, some experts are beginning to worry.

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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