The Bank of Canada today said that they would be maintaining the overnight rate. Prime will remain at 4.45%.
At the first announcement of 2026 and the second in a row, the Bank of Canada today decided to maintain the overnight rate. Prime will stay at 4.45%.
The next scheduled date for announcing the overnight rate target is March 18, 2026.
https://www.bankofcanada.ca/2026/01/fad-press-release-2026-01-28/