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 […]
Economy: Bank of Canada Raises Overnight Rate to 5% As expected by financial circles, the Bank of Canada has raised its overnight interest rate by a quarter percentage point, or 0.25%, bringing it to 5%, the highest level since spring 2001. The majority of economists and financial analysts anticipated this decision, as the Canadian economy […]
Banque du Canada enhances its overnight rate to 4.75% amidst economic recovery and inflation concerns La Banque du Canada a augmenté son taux directeur de 0,25% pour atteindre 4,75%, reflétant la reprise économique en cours du pays. Le gouverneur de la banque, Tiff Macklem, a cité des signes positifs d’une économie en croissance, notamment une […]
