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Bank of Canada Rate Announcement Dec 9th, 2020

Bank of Canada Rate Announcement Dec 9th, 2020

by Cynthia Dreger | Dec 9, 2020 | Announcements, Blog, Mortgage

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank...
Bank of Canada Rate Announcement Dec 9th, 2020

Bank of Canada Rate Announcement Oct 28th, 2020

by Cynthia Dreger | Oct 28, 2020 | Announcements, Blog, Mortgage

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented...
Bank of Canada Rate Announcement Dec 9th, 2020

Bank of Canada Rate Announcement Sept 9th, 2020

by Cynthia Dreger | Sep 9, 2020 | Announcements, Blog, Mortgage

Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent...
Bank of Canada Rate Announcement Dec 9th, 2020

Bank of Canada Rate Announcement July 15th, 2020

by Cynthia Dreger | Jul 15, 2020 | Announcements, Blog, Mortgage

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is...
Bank of Canada Maintains Overnight Rate Target and Unveils New Market Operations

Bank of Canada Maintains Overnight Rate Target and Unveils New Market Operations

by Cynthia | Apr 15, 2020 | Announcements, Blog, Mortgage

The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide...

Bank of Canada lowers overnight rate target to ¼ percent

by Cynthia | Mar 27, 2020 | Announcements

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is...
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