Bank of Canada Increases Overnight Rate by 0.25%
The Bank of Canada raised its overnight rate from 0.25% to 0.50%. This move marks the first increase since 2018 and shows that rates are going to start modestly inching higher. Borrowing costs [...]
Bank of Canada 2021 Interest Rate Announcement Schedule
The Bank of Canada announced their schedule of interest rate announcements for 2021. The rate decisions they make on these dates can have a direct effect on the prime rate used for variable rate [...]
Bank of Canada Maintains Current Policy Rate
On December 9th the Bank of Canada announced there are no changes to their current overnight rate policy. They will continue with the Quantitative Easing (QE) Program at it’s current pace [...]
