Overnight lending rate

The Bank of Canada made good on their vow to stabilize rates today, maintaining their benchmark cost of borrowing at 4.5%. This “conditional …

The Bank of Canada today (March 27 2020) announced that it is lowering its target for the overnight rate by 0.50%, to 1.25%.

Here are some of the stories that caught our eye this week:

This morning, the Bank of Canada (BoC) announced it would cut the overnight lending rate by 25 basis points to 0.50%. This follows intense speculation in the media that a rate cut was necessary to stimulate … Read More

For the 2.5 years I’ve been working at Ratehub.ca, I’ve drafted our Bank of Canada interest rate announcement blog posts the night before they went live, knowing the interest rate would “remain at 1.00% for yet … Read More

This morning, Governor Stephen Poloz announced that the Bank of Canada (BoC) was dropping its overnight lending rate by 0.25%, from 1.00% down to 0.75%. This is the first time the interest rate has changed since September … Read More