Interest Rate Announcement

The Bank of Canada has maintained its overnight rate at 1.75%, as of January 23rd 2020.

Reiterating its “gradual” approach to raising interest rates, the Bank of Canada announced Wednesday morning it’s keeping its target overnight lending rate at 1.25%. “Global economic activity remains broadly on track with the bank’s April forecast. … Read More

Higher interest rates are a matter of when, not if, but Canada’s central bank announced Wednesday it’s holding its overnight lending rate at 1.25%. “Higher interest rates will be warranted over time, although some monetary policy … Read More

Canada’s central bank announced Wednesday morning it’s keeping its target overnight lending rate at 1.25%. “While the economic outlook is expected to warrant higher interest rates over time, some continued monetary policy accommodation will likely be … Read More

Following back-to-back interest rate hikes, the Bank of Canada announced Wednesday it’s taking a breather and holding its overnight lending rate at 1%. After nearly seven years of ultra-low interest rates, the country’s central bank raised … Read More

Here are some stories that caught our eye this week: Bank of Canada increased overnight rate target to 1% This week’s biggest financial news story came on Wednesday when the Bank of Canada announced a 0.25 … Read More