The Bank of Canada has decided to raise the overnight rate today by 0.25%. Expect Prime to rise to 7.20% (previously 6.95%). The next scheduled date for announcing the overnight rate target is September 6, 2023.
The Bank of Canada has decided to raise the overnight rate today by 0.25%. Expect Prime to rise to 6.95% (previously 6.70%). The next scheduled date for announcing the overnight rate target is July 12, 2023.
More relief for variable rate mortgage holders. The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 6.70%. The next scheduled date for announcing the overnight rate target is June 7, 2023.
The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 6.70%. The next scheduled date for announcing the overnight rate target is April 12, 2023.
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
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
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
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…
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%)….