Bank of Canada Keeps Interest Rate at 2.25% as Economic Uncertainty Persists
The Bank of Canada has decided to hold its key interest rate steady, keeping the policy rate at 2.25% as the country navigates uneven economic conditions at… Read more »
Bank of Canada Cuts Policy Rate to 2.25% Amid Economic Weakness
The Bank of Canada has lowered its benchmark interest rate by 25 basis points to 2.25%, citing persistent economic weakness and global trade uncertainty. The Bank Rate… Read more »
When to Expect Bank of Canada’s Interest Rate Cuts in 2024
In November, the C.D. Howe Institute’s Monetary Policy Council advised the Bank of Canada to maintain the overnight rate at 5.00% in December 2023 and January 2024,… Read more »
Bank of Canada Raises Interest Rate to 5%
The Bank of Canada has increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%, in… Read more »
Digital Dollar: Bank of Canada Seeks Public Input on Central Bank Digital Currency
The Bank of Canada has launched an online public consultation to gather opinions on the features that could be included in a digital Canadian dollar or central… Read more »
Best Banks in Canada According to Forbes
Equitable Bank has secured the title of Canada’s best bank in Forbes’ 2023 World’s Best Banks list, marking the third consecutive year it has received this recognition…. Read more »
Bank of Canada Continues to Hold Interest Rate Steady at 4.5%
The Bank of Canada has announced it will hold its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate… Read more »
Tiff Macklem: Bank of Canada Has No Immediate Intentions to Raise Interest Rates
Canada’s new top central banker says the Bank of Canada has no intention to raise interest rates given the current economic circumstances created by the COVID-19 pandemic…. Read more »
Canada Infrastructure Bank Studying the Feasibility of Passenger Rail Service Between Calgary & Banff
The Alberta government has signed a memorandum of understanding with the Canada Infrastructure Bank (CIB) to assess the feasibility of a new passenger rail service between Calgary… Read more »
Canada’s Big Banks Lowers Prime Lending Rate After Bank of Canada Rate Cut
On March 27, Bank of Canada announced that it is cutting interest rate by 50 basis points to ¼ percent. The decision to cut rates was taken… Read more »
March 27: Bank of Canada Cuts Interest Rates to 0.25 Percent
The Bank of Canada has lowered its interest rate by 50 basis points to ¼ percent. After the rate cut, the bank rate is ½ percent and… Read more »
March 4: Bank of Canada Cuts Interest Rates
The Bank of Canada has lowered its interest rate by half a percentage point to 1.25 per cent. After the rate cut, the bank rate is 1… Read more »
Bank of Canada Maintains Overnight Rate Target at 1 ¾ per cent
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit… Read more »