In a pivotal decision, the Bank of Canada maintains its overnight rate at 5%, emphasizing a commitment to quantitative tightening. As economic indicators fluctuate globally, the impact resonates within Canada’s borders.
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Bank of Canada Rate Announcement Apr 13th 2022
The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet will no longer be replaced and, as a result, the size of the balance sheet will decline over time.
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT JAN 20TH, 2021
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT DEC 9TH, 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week.
Continue reading →Bank of Canada Interest Rate Announcement – March 27, 2020
For the second time this month, the Bank of Canada has lowered its overnight policy rate before its regularly scheduled announcement date, taking the overnight rate down a further 50 basis points to 0.25 per cent.
Continue reading →BANK OF CANADA LOWERS RATE BY 50 BASIS POINTS
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is
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