Category Archives: site news

Bank of Canada maintains overnight rate target at 1%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery is proceeding broadly as expected in the Bank’s April Monetary Policy Report (MPR). The […]

Chinese Oil Firm Buys Downtown Condos

Chinese investment in Alberta’s oilsands is bringing an unexpected boost to  Calgary’s downtown condo market. An unnamed Chinese oil company has bought 12 units in the Riverfront Pointe  project on 3rd Street S.E., ranging from one-bedroom units at about $265,000 to  two penthouse suites priced around $800,000 each. “I understood that (the Chinese company’s) projects […]

MiloAnderson.com

Bank of Canada maintains overnight rate target at 1 per cent The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. As anticipated in the January Monetary Policy […]