Bank of Canada announces changes to Overnight Reverse Repo operations Introduction The Bank of Canada recently announced significant changes to its Overnight Reverse Repo (ONRRP) operations. These changes, aimed at enhancing the central bank’s monetary policy toolkit, have sparked discussions among experts and market participants. This report will delve into the key aspects of the […]
Bank of Canada Maintains Key Interest Rate, Continues Quantitative Tightening Introduction The Bank of Canada announced today that it will be keeping the target overnight rate steady at 5%. The official discount rate remains at 5.25% and the deposit rate at 5%. Additionally, the Bank will continue its policy of quantitative tightening. Globally, the economy […]
Bank of Canada maintains key interest rate and continues quantitative tightening Economic Outlook The Bank of Canada announced today that it will maintain the target for the overnight rate at 5%. The bank rate remains at 5¼% and the deposit rate at 5%. Additionally, the Bank will continue its policy of quantitative tightening. Globally, the […]
A Timeline of Bank of Canada Rate Hikes Introduction The Bank of Canada has been on a rate-hiking spree over the past year and a half, raising interest rates from a low of 0.25 per cent in March 2022 to the current rate of five per cent. However, with inflation showing signs of trending downward […]
The Bank of Canada Expected to Hold Key Interest Rate Steady Amid Slower Economic Growth Introduction OTTAWA — The Bank of Canada is expected to keep its key interest rate unchanged this week as the Canadian economy grapples with higher interest rates and a downward trend in inflation. Despite the central bank’s previous indication that […]
Bank of Canada Expected to Hold Interest Rates, but Be Prepared for Surprises Economic Slowdown and Rate Decision As signs of a slowing economy emerge in Canada, all eyes are on the Bank of Canada as it prepares to make its latest interest rate decision. The central bank is widely expected to hold rates steady […]
