Bank of Canada Announcement – March 7, 2018

The Bank of Canada (BoC) today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Pre-indications of the bank not pursuing a rate increase were given by bond yields having dropped since mid-February. The BoC …

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