Bank of Canada Lowers Overnight Rate Target by 1/4 Percentage Point

OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. The Bank Rate is correspondingly lowered to 1/2 per cent. The deposit rate – …

Bank of Canada Lowers Overnight Rate Target by 1/4 Percentage Point Read More »