Category Archives for "Announcements"

Bank of Canada Rate Announcement Jan 25th, 2023

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 25, 2023 The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing […]

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Bank of Canada Rate Announcement Dec 7th, 2022

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario December 7, 2022 The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing […]

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Bank of Canada Rate Announcement Oct 26th, 2022

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario October 26, 2022 The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing […]

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Bank of Canada Rate Announcement Sept 7th, 2022

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening.   FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 7, 2022 The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also […]

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Bank of Canada Rate Announcement Jul 13th, 2022

Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario July 13, 2022 The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. The Bank is also continuing […]

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Bank of Canada Rate Announcement Jun 1st 2022

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening.   FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario June 1, 2022 The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also […]

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Bank of Canada Rate Announcement Apr 13th 2022

Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario April 13, 2022 The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending […]

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Bank of Canada Rate Announcement Mar 2nd, 2022

Bank of Canada increases policy interest rate.   FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario March 2, 2022 The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment phase, keeping […]

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Bank of Canada Rate Announcement Jan 26th, 2022

Bank of Canada maintains policy rate, removes exceptional forward guidance. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 26, 2022 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With […]

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