The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit
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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.
Continue reading →Canadian Inflation (Apr) – May 20, 2020
Canadian inflation, as measured by the Consumer Price Index (CPI) fell by 0.2 per cent in April year-over-year, down from a 0.9 per cent gain in the previous month. This was the first year-over-year decline in the CPI since September 2009.
Continue reading →BANK OF CANADA MAINTAINS OVERNIGHT RATE TARGET AND UNVEILS NEW MARKET OPERATIONS
The necessary efforts to contain the COVID-19 pandemic have caused a sudden and deep contraction in economic activity and employment worldwide. In financial markets, this
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 OVERNIGHT RATE TARGET TO ¾ PERCENT
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly
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
Continue reading →Bank of Canada Interest Rate Announcement
It’s hard to say what will happen for rates because we don’t have a crystal ball on that front. The Bank of Canada seems to be holding the prime rate steady without any reductions expected
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