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Canadian Overnight Repo Rate Average. View or download the latest data for CORRA, Canada’s risk-free rate.
Sep 4, 2024 · Ottawa, Ontario. September 4, 2024. The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. The global economy expanded by about 2½% in the second quarter, consistent with projections in the Bank’s ...
Sep 4, 2024 · The Bank of Canada lowered its key interest rate by 25 basis points on Wednesday and opened the door to bigger cuts if the economy slows more sharply in the months ahead.
Jul 24, 2024 · Policy interest rate. The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year. For more information on the policy interest rate, see this explainer.
Sep 4, 2024 · The Bank of Canada cut its benchmark interest rate for the third consecutive time on Wednesday, leaving the door open to further cuts while warning that the Bank needs to guard against the risk that inflation falls below two per cent. Wednesday’s 25 basis point cut, which brings the Bank’s policy rate to 4.25 per cent, was widely expected ...
Jul 24, 2024 · The Bank of Canada's key interest rate fell by 25 basis points on Wednesday, a move that will immediately be felt by Canadians with variable rates of debt.
Apr 10, 2024 · Text: Published Wednesday, April 10, 2024 10:02AM EDT. OTTAWA - The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday. Here is the text of the central bank's ...
