Overnight lending rate

The last few bits of economic data before the Bank of Canada’s December rate announcement are now in, with the latest – a weaker-than-expected …

The Bank of Canada has hiked its trend-setting interest rate once again, bringing the benchmark Overnight Lending Rate up by 0.25% to a full …

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