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Bank of Canada increases overnight rate by 0.25%, Prime should rise to 6.70%.

  • January 25, 2023
  • /
  • Newsworthy

The Bank of Canada has decided to raise the overnight rate today by 0.25%. Expect Prime to rise to 6.70% (previously 6.45%). The next scheduled date for announcing the overnight rate target is March 8, 2023. Press release  

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2023 Bank of Canada Interest Rate Announcement Schedule

  • January 4, 2023
  • /
  • Newsworthy
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Bank of Canada increases overnight rate by 0.50%, Prime should rise to 6.45%.

  • December 7, 2022
  • /
  • Newsworthy

The Bank of Canada has decided to raise the overnight rate today by 0.50%. Expect Prime to rise to 6.45% (previously 5.95%). The next scheduled date for announcing the overnight rate target is January 25, 2023. Press release  

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Bank of Canada increases overnight rate by 0.50%, Prime should rise to 5.95%.

  • October 26, 2022
  • /
  • Newsworthy

The Bank of Canada has decided to raise the overnight rate today by 0.50%. Expect Prime to rise to 5.95% (previously 5.45%). The next scheduled date for announcing the overnight rate target is December 7, 2022. Press release  

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Bank of Canada increases overnight rate by 0.75%, Prime should rise to 5.45%.

  • September 7, 2022
  • /
  • Newsworthy

The Bank of Canada has decided to raise the overnight rate today by 0.75% in an effort to stop inflation. Expect Prime to rise to 5.45% (previously 4.70%). The next scheduled date for announcing the overnight rate target is October…

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Bank of Canada increases overnight rate by a full 1.00%, Prime should rise to 4.70%.

  • July 13, 2022
  • /
  • Newsworthy

For the first time since 1998 the Bank of Canada has decided to raise the overnight rate today by 1.00% (four regular 0.25% increases) in an effort to fight escalating inflation .  Expect Prime to rise to 4.70% (previously 3.70%)….

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Bank of Canada increases overnight rate by 0.50%, Prime should rise to 3.70%

  • June 1, 2022
  • /
  • Newsworthy

For the second time in 22 years the Bank of Canada has decided to raise the overnight rate today by 0.50% (two regular 0.25% increases).  Expect Prime to rise to 3.70% (previously 3.20%). The next scheduled date for announcing the…

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Bank of Canada increases overnight rate by 0.50%, Prime should rise to 3.20%

  • April 13, 2022
  • /
  • Newsworthy

For the first time in 22 years the Bank of Canada has decided to raise the overnight rate today by 0.50% (two regular 0.25% increases).  Expect Prime to rise to 3.20% (previously 2.70%). The next scheduled date for announcing the…

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Bank of Canada increases overnight rate by 0.25%, Prime should rise to 2.70%

  • March 2, 2022
  • /
  • Newsworthy

The Bank of Canada has decided to raise the overnight rate today by 0.25%. It’s the first rate increase since October 2018. Expect Prime to rise to 2.70% (previously 2.45%). The next scheduled date for announcing the overnight rate target…

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Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • January 26, 2022
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is March 2, 2022. Press release  

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The Bank of Canada increased the overnight rate by 0.25% this morning; Prime should rise to 6.70% (previously 6.45%). ... See MoreSee Less

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Thanks to our friend www.mortgagesbycraig.com we have 4 Knights Tickets to giveaway for this Sunday’s game! We are also throwing in a foursome for 9 holes to be played this season! Like this post, comment who you will bring and share for an extra entry! Winner will be drawn Friday at 5pm! ... See MoreSee Less

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