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Tag: overnight rate

Bank of Canada delivers half percentage point rate cut – MoneySense

Bank of Canada delivers half percentage point rate cut – MoneySense

October 23, 2024October 26, 2024 · Finance

The half-percentage point interest rate cut marks the fourth consecutive reduction since June and brings the central bank’s policy interest rate down to 3.75 per cent. With annual…

Read more Bank of Canada delivers half percentage point rate cut – MoneySense
Making sense of the Bank of Canada interest rate decision on March 6, 2024 – MoneySense

Making sense of the Bank of Canada interest rate decision on March 6, 2024 – MoneySense

March 7, 2024March 9, 2024 · Finance

As a result of the latest rate hold, the prime rate in Canada will remain at 7.2%. This might not seem like big news, but this is what…

Read more Making sense of the Bank of Canada interest rate decision on March 6, 2024 – MoneySense
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