The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.
Continue reading →Overnight Rate
Bank of Canada Rate Announcement Mar 8th, 2023
“In Canada, economic growth came in flat in the fourth quarter of 2022, lower than the Bank projected…Employment growth has been surprisingly strong, the unemployment rate remains near historic lows, and job vacancies are elevated… Overall, the latest data remains in line with the Bank’s expectation that CPI inflation will come down to around 3% in the middle of this year.”
Continue reading →Bank of Canada Rate Announcement Sept 8th, 2021
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT JUNE 3RD, 2020
Tiff Macklem assumes his role as the Bank’s tenth Governor today. He participated as an observer in Governing Council’s deliberations for this policy interest rate decision and endorses the rate decision and measures announced in this press release.
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