The Bank of Canada today decided to maintain the overnight rate. Prime will stay the same at 4.95%.
At the fifth announcement of 2025 and the third in a row the Bank of Canada today decided to hold the overnight rate. Prime will stay at 4.95%.
The next scheduled date for announcing the overnight rate target is Sep 17, 2025.
https://www.bankofcanada.ca/2025/07/fad-press-release-2025-07-30/