The Bank of Canada today announced a reduction in its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. This decision is part of the Bank’s ongoing policy of balance sheet normalization.
Global Eco...
As summer heats up in Canada, so does anticipation for the July Consumer Price Index (CPI) report. The Bank of Canada closely watches this data to make decisions on future rate hikes. In this blog post, we break down the main points of ...
Interest Rate Pause
The Bank of Canada keeps the interest rate steady at 4.5%, pausing eight rate hikes between March 2022 and February 2023. This move aligns with the bank's strategy to assess the impact of previous hikes on the econo...