News from the Bank of Canada today. The Bank will reduce the overnight rate by 0.25%. Prime will drop to 4.70% (previously 4.95%).
At the sixth announcement of 2025 the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 4.70%.
The next scheduled date for announcing the overnight rate target is Oct 29, 2025.
https://www.bankofcanada.ca/2025/09/fad-press-release-2025-09-17/