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 5ΒΌ% and the deposit rate at 5%. Additionally, the Bank will continue its policy of quantitative tightening. Globally, the […]
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 […]
