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 [...]
COVID-19 UPDATE
COVID-19 INFORMATION We sincerely hope you and your family have been staying safe. In order to keep our staff, clients, and everyone else in the community safe and to help stop the spread of [...]
Bank of Canada will maintain current benchmark rate at 0.25% and rates to remain low for a long time.
Today, the Bank of Canada announced it would be maintaining it’s overnight benchmark rate, the main tool used by the BoC to conduct monetary policy, at 0.25%. This announcement has [...]
