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The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year.
The Bank of Canada lowered its key interest rate by 25 basis points on Wednesday and opened the door to bigger cuts if the economy slows more sharply in the months ahead.
At the heart of the Bank of Canada’s monetary policy is the target for the overnight rate. See what it is—and what it means for you.
The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.
The Bank of Canada has held its key interest rate at five per cent again, saying that it's still too soon to consider rate cuts while underlying inflation persists. Economists were widely ...
Bank of Canada interest rate graphic Bank of Canada interest rate graphic. (CTV News) March 2, 2022: After leaving its overnight lending rate at 0.25 per cent for two years during the COVID-19 pandemic, the Bank of Canada raised interest rates 25 basis points to 0.50 per cent. The decision to raise rates came from rising inflation amid higher ...
Bank of Canada expected to cut interest rate again on Wednesday as inflation eases. Bank of Canada cuts key rate to 4.5%, tees up additional easing with focus on downside risks .
The Bank of Canada raised its benchmark interest rate by 25 basis points on Wednesday, marking the first time since April 2001 that the figure hit five per cent.
The Bank of Canada raised its benchmark interest rate to 1.5 per cent on Wednesday and signalled that more hikes are on the way. The decision by the central bank to raise its rate by half a ...
Check today's Bank of Canada interest rate and expected rate over the next few years. See how the rate has changed in the last 89 years and what caused it to change so fast in 2022-2024.