Interest rates - Bank of Canada
Key interest rate: Lookup tool This tool allows you to make side-by-side comparisons of changes to the Bank Rate and the target for the overnight rate over time. Policy interest rate
Bank of Canada cuts interest rate, warns it can do little to
1 day ago · Canada's central bank lowered its interest rate by 25 basis points to three per cent on Wednesday, as the Bank of Canada governor warned there is little he can do to negate the economic impact of ...
Policy interest rate - Bank of Canada
Dec 11, 2024 · At the heart of the Bank of Canada’s monetary policy is the target for the overnight rate. See what it is—and what it means for you.
Bank of Canada cuts interest rate to 3% | Financial Post
1 day ago · The Bank of Canada cut its policy interest rate by 25 basis points to three per cent on Wednesday, while warning that the economic consequences of a prolonged trade war with the United States could be severe, hindering growth while potentially reigniting inflation. Bank of Canada governor Tiff ...
Bank of Canada cuts key rate with ‘trade war storm’ on horizon
1 day ago · The Bank of Canada on Wednesday cut its benchmark interest rate by 25 basis points, bringing the policy rate down to 3.0 per cent. The move — the central bank’s sixth cut in a row — was ...
Bank of Canada to cut rates on Jan. 29, cautious over potential …
Jan 16, 2025 · The Bank of Canada will cut interest rates by 25 basis points to 3.00% on Jan. 29, according to a Reuters poll of economists, but many were not confident about the outlook beyond that given...
Bank of Canada reduces policy rate by 50 basis points to 3¼%
Dec 11, 2024 · The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet normalization. The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR).
Bank of Canada interest rate decisions - The Globe and Mail
6 days ago · The Bank of Canada cut its key interest rate to 3.25 per cent on December 11 – its fifth consecutive cut in a long-awaited monetary policy easing cycle.
Bank of Canada cuts interest rates: Read the official statement
1 day ago · Here’s the Bank of Canada’s official statement for its rate decision:. The Bank of Canada today reduced its target for the overnight rate to 3 per cent, with the Bank Rate at 3.25 per cent and the deposit rate at 2.95 per cent. The Bank is also announcing its plan to complete the normalization of its balance sheet, ending quantitative tightening.
BoC cuts key interest rate to 3% as tariff threats loom
1 day ago · Canada’s central bank has cut interest rates for a sixth consecutive time as inflation remains around two per cent and the threat of U.S. tariffs looms. The 25-basis point cut comes as the Bank of Canada forecasts GDP growth will strengthen in 2025 …