Bank of Canada - Toronto

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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

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 »

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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 »

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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 »

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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 »