Bank of Canada maintains overnight rate, Prime will stay at 7.20%.
For the second announcement of 2024 (5th in a row), the Bank of Canada has decided to maintain the overnight rate today which means Prime will remain at 7.20%.
The next scheduled date for announcing the overnight rate target is April 10, 2024.
https://www.bankofcanada.ca/2024/03/fad-press-release-2024-03-06/