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.
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Bank of Canada Rate Announcement Mar 2nd, 2022
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 Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline.
Continue reading →Bank of Canada Rate Announcement Dec 8th, 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.
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 Jul 14th, 2021
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program. Read on to find out more…
Continue reading →Bank of Canada Rate Announcement Jun 9th, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT APR 21ST, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program.
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 RATE ANNOUNCEMENT OCT 28TH, 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.
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