Overnight rate

The Bank of Canada has announced it will be keeping its target for the overnight rate at 0.25%, marking almost 12 months since it initially slashed rates in response to the COVID-19 pandemic. The Bank initially … Read More

The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.

The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.

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%.

As expected, the Bank of Canada (BoC) announced this morning its target overnight lending rate will continue to hold steady at 0.50%. The central bank hasn’t changed its key interest rate since July 2015, with Bloomberg … Read More

The Bank of Canada (BoC) made its regularly scheduled interest rate announcement this morning, and decided to leave the target for the overnight rate at 0.50%. The BoC has held its key rate steady since it … Read More