Bank of Canada: Interest Rate Stays at 1.75% Category: Interest Rates

The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent performance.

The central bank said...

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Bank of Canada holds rates steady at 1% Category: Interest Rates

On October 25, 2017, the Bank of Canada announced it was keeping its trend-setting overnight lending rate on hold at 1%. The rate rose by 0.25% in July and again in September. Since then, the Bank has cautioned that future interest rate increases depend on whether economic data suggest that inflation is starting to percolate.

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