Key interest rate

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

In its last rate announcement of the year, the Bank of Canada said Wednesday it’s holding its overnight lending rate at 1% amid below-target inflation and the “evolution of the risks and uncertainties” around international trade … 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

The Bank of Canada is forging ahead on tightening monetary stimulus, announcing Wednesday morning it’s raising its benchmark lending rate by a quarter of a percentage point from 0.75% to 1%. This is the second time since July that … Read More

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