The Bank of Canada made its first rate hike of the year, increasing its key policy interest rate by 25 basis points to 4.5%, sending the prime rate to 6.70%—the highest since March 2001. Adjustable-rate mortgage payments will jump about…
2023 is the Year of the Rabbit symbolizing peace and prosperity, while 2022 was all about the three ‘i’s—inflation, interest rates, and inventory constraints. Never in history has there been a rate move like we saw on a percentage basis, with the prime…
“Don’t find fault, find a remedy.” – Henry Ford It’s amazing how quickly society’s attention can be so easily diverted from one current event to the next. From a pandemic, to convoys, to wars, to celebrity outbursts, to billionaire hostile…
“To make a complex subsystem easier to use, a simple interface should be provided for a set of interfaces in the subsystem.“ I am not referring to a facade in the context of the veil of ignorance displayed by our government trying to…
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The unprovoked invasion of Ukraine by Russia is a major new source of uncertainty.…
