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26 Jul 2024 3 minute read 1 comment SweptOverNiagara
On Wednesday, the Bank Of Canada lowered its key lending rates by 25 basis points or a quarter of one percent, for the second month in a row. This brings the BoC's key lending rate down to 4.5%. It's now clear the bank is shifting its focus of f...
17 Jul 2024 4 minute read 7 comments SweptOverNiagara
Before I 'begin', I'll like to formally announce that my blog, 'The Brave New World' has been rebranded as 'Morning JAVA'. Practically all of my posts since about February have had the Morning JAVA title affixed to it. So this particular morning, I d...
6 Jun 2024 3 minute read 0 comments SweptOverNiagara
I've been so busy around the house lately that I neglected my blog for a whole month. Central Banker news in the last 24 hours though, was something I just had to pass on to my readers. It's so important to keep track of their shenanigans as it affe...
6 Dec 2023 2 minute read 3 comments SweptOverNiagara
Thanks for dropping by. Please subscribe and join the club! Good news for those who spend a lot of time driving, WTI Crude is down 3.87% for the day, at time of writing, while Brent is down 3.47%. WTI has dropped below the pivotal $70 mark to $69.52...
14 Sep 2023 3 minute read 3 comments SweptOverNiagara
Those of you that follow me know that I like to keep track of central bank interest rates. I can tell you that I see no slowing down in their posture. The last year and a half has been chock full of record pace increases by central banks around the w...
6 Sep 2023 3 minute read 2 comments SweptOverNiagara
I'm seeing a flurry of articles popping up that the BoC is holding rates at 5% after their latest policy meeting which was a widely expected move. Kitco News reports that gold has moved very little after the announcement and stated that the slowing e...
15 Jun 2023 3 minute read 1 comment SweptOverNiagara
It's that time of the month again. Yesterday afternoon, we got word of a pause in rate increases from the Federal Reserve (which is not federal and has zero reserves). After ten hikes in a row, rates were held at 5 to 5.25% but included hawkish state...
7 Jun 2023 1 minute read 2 comments SweptOverNiagara
I just got word that the BoC has increased its key lending rate by another 25 basis points after pausing during the previous two meetings. Going against expectations, the bank raised the lending rate to 4.75%. Darn, that means everyone here in Canada...
9 Mar 2023 2 minute read 0 comments SweptOverNiagara
One year ago, in March, 2022 the Bank of Canada began an aggressive rate hike that saw interest rate increases at each policy meeting, the last of which was at the end of January when the BoC raised by another 25 basis points to top out at 4.5%. Yes...
7 Mar 2023 3 minute read 5 comments SweptOverNiagara
Yesterday, I published my post, 'Is 2023 the year silver finally breaches its 1980 $50 high?' in which I noted that the World Gold Council had estimated that 31 tonnes of gold were purchased by central banks including those of Kazakhstan, China and T...
