Canada Interest Rate  1990-2018 | Data | Chart | Calendar | Forecast

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Canada Leaves Monetary Policy Unchanged
The Bank of Canada left its benchmark interest rate steady at 1.5 percent on September 5th 2018, in line with market expectations, following a 25bps hike in the previous meeting. Policymakers reinforced their vision that higher interest rates will be needed to achieve the inflation target of 2 percent. The Bank Rate is correspondingly 1.75 percent and the deposit rate is 1.25 percent.
Published on 2018-09-05

Canada Raises Interest Rate to 1.5%
The Bank of Canada hiked its key overnight rate by 25bps to 1.5%, the highest since 2008. It is the second increase this year as uptick in inflation and strong economic data outweighed intensifying tariff war with the US.
Published on 2018-07-11

Canada Leaves Monetary Policy Unchanged
The Bank of Canada left its key overnight rate at 1.25 percent on May 30th 2018, in line with market expectations. Policymakers said core measures of inflation remain near 2 percent and recent data support the Bank’s outlook for growth at around 2 percent in the first half of 2018. The Bank Rate is correspondingly 1.5 percent and the deposit rate is 1 percent.
Published on 2018-05-30

Canada Leaves Key Rate Steady at 1.25%
The Bank of Canada held its overnight rate at 1.25 percent on April 18th 2018, in line with market expectations. Policymakers said the transitory impact of higher gasoline prices and recent minimum wage increases will likely cause inflation in 2018 to be modestly higher than expected and the economy is projected to operate slightly above its potential over the next three years. As a result, the central bank sees higher interest rates over time, although some monetary policy accommodation will still be needed to keep inflation on target. The Bank Rate is correspondingly 1.5 percent and the deposit rate is 1 percent.
Published on 2018-04-18

BoC Holds Key Interest Rate at 1.25%
The Bank of Canada held its overnight rate at 1.25 percent on March 7th 2018, following a 25bps hike in the previous meeting, saying that while the economic outlook is expected to warrant higher interest rates over time, some continued monetary policy accommodation will likely be needed to support growth and inflation.
Published on 2018-03-07

Canada Raises Key Rate to 1.25%
The Bank of Canada hiked its overnight rate by 25bps to 1.25 percent on January 17th 2018, in line with market expectations. Policymakers said that recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity but noticed that uncertainty surrounding the future of NAFTA is clouding the economic outlook. The Bank Rate is correspondingly 1.5 percent and the deposit rate is 1 percent.
Published on 2018-01-17

Canada Leaves Monetary Policy Steady
The Bank of Canada held its benchmark overnight rate at 1 percent on December 6th, 2017, in line with market expectations. Policymakers said the current policy stance remains appropriate although higher interest rates will likely be required over time. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 percent.
Published on 2017-12-06

Canada Holds Overnight Rate at 1%
The Bank of Canada held its benchmark overnight rate at 1 percent on October 25th, 2017, after a surprise hike at the previous meeting, saying that the current stance of monetary policy is appropriate. Policymakers also said that inflation is set to hit the central bank's midpoint target of 2 percent in the second half of 2018 and that growth is projected to remain close to potential over the next two years.
Published on 2017-10-25

Canada Unexpectedly Hikes the Key Rate to 1.0%
The Bank of Canada unexpectedly raised its benchmark overnight rate by 25 bps to 1 percent at its September 6th 2017 meeting, surprising markets who expected no changes. It is the second consecutive rise in borrowing cost as recent economic data have been stronger than expected, supporting the Bank’s view that growth in Canada is becoming more broadly-based and self-sustaining. The Bank Rate was also increased by 25 bps 1.25 percent and the deposit rate by 25 bps to 0.75 percent.
Published on 2017-09-06

Canada Hikes Key Rate To 0.75%
The Bank of Canada raised its benchmark overnight interest rate by 25bps to 0.75 percent on July 12th 2017, in line with market expectations. It is the first rise in borrowing cost since 2010 amid robust growth and despite a slowdown in inflation which is seen temporary. The Bank Rate was also increased by 25bps 1 percent and the deposit rate by 25bps to 0.5 percent.
Published on 2017-07-12

Canada Maintains Key Rate At 0.5%
The Bank of Canada held its overnight rate steady at 0.5 percent on May 23rd, 2017, saying inflation is broadly in line with projections and recent economic data have been encouraging. The decision came in line with market expectations. The Bank Rate was also left on hold at 0.75 percent and the deposit rate at 0.25 percent.
Published on 2017-05-24

Canada Leaves Monetary Policy Unchanged
The Bank of Canada held its overnight rate steady at 0.5 percent on April 12th, 2017, matching market expectations. Policymakers said growth was stronger than anticipated and inflation is in line with the target although significant uncertainties weigh on the outlook. The Bank Rate was also left on hold at 0.75 percent and the deposit rate at 0.25 percent. Policymakers also revised GDP and inflation forecasts.
Published on 2017-04-12

Canada Holds Key Rate At 0.5%
The Bank of Canada held its overnight rate at 0.5 percent on March 1st, 2017 as widely expected. The Bank Rate was also left on hold at 0.75 percent and the deposit rate at 0.25 percent.
Published on 2017-03-01

Canada Leaves Key Rate Steady At 0.5%
The Bank of Canada held its overnight rate at 0.5 percent on January 18th, 2017 as widely expected, saying inflation is expected to move close to the 2 percent target in the months ahead while consumption and fiscal measures are expected to support growth in 2017. The Bank Rate was also left on hold at 0.75 percent and the deposit rate at 0.25 percent.
Published on 2017-01-18

Canada Holds Overnight Rate At 0.5%
The Bank of Canada held its overnight rate at 0.5 percent on December 7th, as widely expected, saying that although the global economy has strengthened, uncertainty persists. Policymakers also said they are anticipating a more moderate growth in the fourth quarter while inflation is still below expectations, largely because of lower food prices. The Bank Rate was also left on hold at 0.75 percent and the deposit rate at 0.25 percent.
Published on 2016-12-07

Canada Keeps Monetary Policy Steady in October
The Bank of Canada left its benchmark overnight rate unchanged at 0.5 percent at its October 2016 meeting as widely expected. Policymakers said the growth outlook is lower than projected due to slower housing resale activity and exports and that inflation remains below expectations. The Bank Rate was also left on hold at 0.75 percent and the deposit rate at 0.25 percent.
Published on 2016-10-19

Canada Leaves Key Rate on Hold at 0.5%
The Bank of Canada left its benchmark overnight rate unchanged at 0.5 percent at its September 2016 meeting as widely expected.The bank rate is correspondingly 0.75 percent and the deposit rate is 0.25 percent. Policymakers anticipate the economy to recover substantially in the second half of the year and said inflation is in line with the Bank's expectations.
Published on 2016-09-07

Canada Keeps Key Rate on Hold at 0.5%
The Bank of Canada left its benchmark overnight rate unchanged at 0.5 percent at its July 2016 meeting as widely expected. The central bank lowered its 2016 growth outlook to 1.3 percent from an earlier 1.7 percent, mentioning weak business investment, lower exports and global uncertainties. The bank rate is correspondingly 0.75 percent and the deposit rate is 0.25 percent.
Published on 2016-07-13

Canada Leaves Monetary Policy Unchanged
The Bank of Canada left its benchmark overnight rate unchanged at 0.5 percent at its May 25th, 2016 meeting as widely expected. The bank rate is correspondingly 0.75 percent and the deposit rate is 0.25 percent. Policymakers said inflation is roughly in line with forecasts while growth is the second quarter of the year is expected to be weaker due to wildfires that devastated Alberta.
Published on 2016-05-25

Canada Holds Key Rate at 0.5%
The Bank of Canada left its benchmark overnight rate unchanged at 0.5 percent at its April 13th, 2016 meeting as widely expected, saying the inflation risks are roughly balanced. Meanwhile, financial vulnerabilities continue to edge higher, in part due to regional shifts in activity associated with the structural adjustment underway in Canada’s economy. Also, the GDP growth forecast for 2016 was revised up to 1.7 percent from 1.4 percent previously. The Bank Rate was also left on hold at 3/4 percent and the deposit rate at 1/4 percent.
Published on 2016-04-13

Canada Leaves Key Rate at 0.5%
The Bank of Canada left its benchmark overnight rate on hold at 0.5 percent at its March 2016 meeting as widely expected, saying inflation risks are roughly balanced and will assess and incorporate the impact of the upcoming federal budget’s fiscal measures into April's projection. The Bank Rate was also left on hold at 3/4 percent and the deposit rate at 1/4 percent.
Published on 2016-03-09

BoC Holds Key Rate at 0.5%
The Bank of Canada left its benchmark overnight rate on hold at 0.5 percent at its January 2016 meeting as expected. The Bank Rate is correspondingly 3/4 percent and the deposit rate is 1/4 percent.
Published on 2016-01-20

Canada Leaves Monetary Policy Unchanged as Expected
The Bank of Canada left its benchmark overnight rate on hold at 0.5 percent at its December 2015 meeting, saying inflation risks remain balanced while the economy continues to undergo a complex and lengthy adjustment to the decline in terms of trade. The Bank Rate is correspondingly 3/4 percent and the deposit rate is 1/4 percent.
Published on 2015-12-02

Canada Holds Key Rate at 0.5%, Lowers GDP Forecasts
The Bank of Canada left its benchmark overnight rate on hold at 0.5 percent at its October 2015 meeting as widely expected. Although policymakers consider current policy stance remains appropriate as the economy is rebounding, supported by effects of previous rate cuts and depreciation of the Canadian dollar, GDP growth forecasts were revised downwards. The Bank Rate is correspondingly 0.75 percent and the deposit rate is 0.25 percent.
Published on 2015-10-21

Canada Leaves Rates Unchanged
The central bank of Canada left its benchmark overnight rate on hold at 0.5 percent in September as widely expected, following a 25 bps cut in the previous meeting. The Bank Rate is correspondingly 0.75 percent and the deposit rate is 0.25 percent.
Published on 2015-09-09

Canada Unexpectedly Lowers Key Rate to 0.5%
The Bank of Canada cut its overnight interest rate by 25 bps to 0.50 percent on July 15th, as policymakers voiced concern about the lower outlook for Canadian growth and the elevated risks to financial stability.
Published on 2015-07-16

Canada Leaves Monetary Policy Unchanged
The Bank of Canada left the overnight interest rate on hold at 0.75 percent in May as expected, saying risks to financial stability remain elevated while the economy should return to a solid growth in the second quarter.
Published on 2015-05-27

Canada Leaves Rates on Hold
The Bank of Canada left the overnight interest rate unchanged at 0.75 percent on April as widely expected, saying current policy stance is appropriate while projecting 0 growth for the first quarter.
Published on 2015-04-15

Canada Leaves Monetary Policy Unchanged
The Bank of Canada maintained the overnight rate at 0.75 percent on March 4th, as financial conditions eased and the risks to the inflation outlook are now more balanced.
Published on 2015-03-04

Canada Lowers Key Rate to 0.75%
The Bank of Canada cut the overnight rate by 25 bps to 0.75 percent on January 21st, saying the recent sharp drop in oil prices will have negative impact on growth and inflation. The Bank Rate was correspondingly lowered to 1 percent and the deposit rate to 0.5 percent.
Published on 2015-01-21

Canada Leaves Rates on Hold in December
The Bank of Canada maintained the target for the overnight rate at 1 percent at its December 3rd meeting. The Council said that the economy is showing signs of a broadening recovery, yet lower commodity prices and household debt may weight on further expansion.
Published on 2014-12-03

Canada Leaves Monetary Policy Unchanged
At its October 22nd meeting, the Bank of Canada decided to leave the overnight rate unchanged at 1 percent, while raising concerns over global economic outlook.
Published on 2014-10-22

Canada Holds Key Rate at 1%
At its September 3rd meeting, the Bank of Canada decided to leave the overnight rate unchanged at 1 percent, saying risks to the inflation outlook remain balanced.
Published on 2014-09-03

Canada Leaves Monetary Policy Unchanged
The Bank of Canada announced on July 16th that it is maintaining its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 percent.
Published on 2014-07-16

Bank of Canada Keeps Overnight Rate at 1%
The Bank of Canada announced on June 4th that it is maintaining its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 percent.
Published on 2014-06-04

Bank of Canada Leaves Rates at 1%
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
Published on 2014-04-16

Canada Leaves Monetary Policy Unchanged
At its March 5th, 2014 meeting, Canada's central bank decided to leave the overnight rate unchanged at 1 percent, as widely expected, citing balanced risks to inflation, housing market and household debt.
Published on 2014-03-05

Canada Leaves Rates on Hold in January
The Bank of Canada announced on January 22nd that it is maintaining its target for the overnight rate at 1 percent, as inflation is expected to remain below target for some time.
Published on 2014-01-22

Canada Monetary Policy Unchanged in December
The Bank of Canada announced on December 4th that it is maintaining its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 percent.
Published on 2013-12-04

Bank of Canada Leaves the Overnight Rate on Hold at 1%
The Bank of Canada decided on October 23rd to maintain the overnight rate at 1 percent, citing already-elevated household imbalances, while the inflation rate has been persistently below target.
Published on 2013-10-23

Bank of Canada Maintains Key Interest Rate at 1%
The Bank of Canada decided on September 4th to maintain the overnight rate at 1 percent, amid weak economic growth and low inflationary pressures.
Published on 2013-09-04

Canadian Monetary Policy Unchanged in July
The Bank of Canada decided on July 17th to maintain the overnight rate at 1 percent, citing weak economic growth and low inflationary pressures.
Published on 2013-07-17

Bank of Canada Maintains Overnight Rate Target At 1%
The Bank of Canada announced on May 29th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2013-05-29

Bank of Canada Keeps Monetary Policy Unchanged
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 percent.
Published on 2013-04-17

Bank of Canada Keeps Monetary Policy Unchanged
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2013-03-06

Bank of Canada Keeps Monetary Policy Unchanged
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2013-01-23

Bank of Canada Keeps Monetary Policy Unchanged
The Bank of Canada announced December 4th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2012-12-04

Bank of Canada Keeps Monetary Policy Unchanged
The Bank of Canada announced on October 23th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 per cent.
Published on 2012-10-23

Bank of Canada Keeps Monetary Policy Unchanged
The Bank of Canada announced on September 5th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 per cent.
Published on 2012-09-05

Bank of Canada Keeps Monetary Policy Unchanged
The Bank of Canada announced on July 17th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2012-07-17

Bank of Canada Keeps Overnight Rate at 1%
The Bank of Canada announced on June 5th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2012-06-06

Bank of Canada Keeps Overnight Rate at 1%
The Bank of Canada announced on April 17th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2012-04-18

Bank of Canada Keeps Overnight Rate Target at 1%
The Bank of Canada announced on March 8th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2012-03-08

Bank of Canada Keeps Rates Unchanged
The Bank of Canada announced on January 17th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2012-01-17

Bank of Canada Keeps Interest Rate at 1%
The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2011-12-06

Bank of Canada Keeps Interest Rate at 1%
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2011-10-25

Bank of Canada Maintains Overnight Rate Target at 1%
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2011-09-07

Bank of Canada Keeps Rates Unchanged
The Bank of Canada announced on July 19 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2011-07-19

Bank of Canada Keeps Interest Rate Unchanged
The Bank of Canada announced on May 30 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2011-05-31

Bank of Canada Keeps Interest Rate at 1%
The Bank of Canada announced on April 12 that it is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75% per cent.
Published on 2011-04-12

Bank of Canada Leaves Interest Rate Unchanged
The Bank of Canada announced on March 1 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2011-03-01

Bank of Canada Maintains Interest Rate at 1%
The Bank of Canada announced on January 18, that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2011-01-18

Bank of Canada Maintains Overnight Rate at 1 Percent
The Bank of Canada today announced on December 12 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1.25 percent and the deposit rate is 0.75 percent.
Published on 2010-12-07

Bank of Canada Increases Interest Rate
The Bank of Canada announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Published on 2010-09-09

Canada Raises Key Rate to 0.75%
The Bank of Canada raised its benchmark lending rate for a second month, and said that slower economic growth through next year means any future moves will be “weighed carefully.”
Published on 2010-07-20

Canada Raises Interest Rate
The Bank of Canada raised its key interest rate from a record low today, the first Group of Seven country to do so since last year’s global recession, and said further moves will be “weighed carefully” against future growth in Canada and elsewhere.
Published on 2010-06-01

Bank of Canada Removes Commitment to Low Rates
The Bank of Canada said it would keep its overnight deposit rate at 0.25%. It also removed a commitment made at recent meetings to keep interest rates at current levels through the second quarter of this year.
Published on 2010-04-20

Canada Keeps Lending Rate at 0.25%
The Bank of Canada kept its benchmark interest rate at a record low today, and said that inflation and economic output have been higher than policy makers expected, signaling rate increases in coming months.
Published on 2010-03-02

Bank of Canada Holds Rate Low
Bank of Canada maintains overnight rate target at 0.25% and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010.
Published on 2010-01-19

Canada Keeps Rate at 0.25%
Bank of Canada maintains overnight rate target at 0.25% and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010.
Published on 2009-12-08

Bank of Canada Keeps Rate Unchanged
Bank of Canada maintains overnight rate target at 0.25% and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010.
Published on 2009-10-20

Bank of Canada Keeps Rate Unchanged
The Bank of Canada kept its target for the overnight rate at 0.25% and repeated its commitment to keep it there until the end of the second quarter of 2010, conditional on the outlook for inflation.
Published on 2009-09-10

Bank of Canada Keeps Rate Unchanged
Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010
Published on 2009-07-21

Bank of Canada Keeps Rates Unchanged
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.
Published on 2009-06-04

Bank of Canada Lowers Rates to 0.25%
Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010.
Published on 2009-04-21

Canada Lowers Rates to 0.5%
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3/4 per cent.
Published on 2009-03-03

Canada Cuts Rate to 1%
The Bank of Canada slashed its key interest rate to the lowest since the institution was founded in 1934 and signaled that more cuts may be needed to jolt the economy out of recession and stabilize credit markets.
Published on 2009-01-20

Bank of Canada Cuts Rate to 1.5%
The Bank of Canada lowered its benchmark interest rate by more than anticipated to a half- century low and signaled more action may be needed as economic growth sputters amid a “broader and deeper” global slump.
Published on 2008-12-09

Bank of Canada Lowers Interest Rate by 25bp
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.
Published on 2008-10-21

Bank of Canada Lowers Rate in Coordinated Banks Move
The Bank of Canada today announced that it is lowering its target for the overnight rate by 1/2 percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 3/4 per cent.
Published on 2008-10-08

Bank of Canada Keeps Rate at 3 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.
Published on 2008-09-03

Bank of Canada Leaves Rate at 3%
The Bank of Canada left its key interest rate unchanged, saying economic risks are ``balanced'' between inflation that may double policy makers' target and the slowest growth since the country's last recession.
Published on 2008-07-15

Bank of Canada Keeps Rate at 3 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.
Published on 2008-06-10

Canada Cuts Rate by 50 Basis Points
The Bank of Canada lowered its benchmark rate by half a point to revive an economy that's growing at its slowest pace in 16 years and signaled more easing may be needed.
Published on 2008-04-22

Canada Cuts Rate a Half Point
The Bank of Canada cut its benchmark interest rate a half point, the first such move since 2001, and signaled it will have to act again to offset a slump in exports to the U.S.
Published on 2008-03-04

Canada Lowers Main Rate to 4 Percent
The Bank of Canada lowered its main interest rate a quarter point, the second reduction in as many months, and signaled it will act again to shield Canada from a worsening economic slump in the U.S.
Published on 2008-01-22

Canada Unexpectedly Cuts Rate to 4.25 percent
The Bank of Canada unexpectedly cut its main interest rate for the first time since April 2004, saying the higher Canadian dollar and financial market ``volatility'' restrained inflation more quickly than expected.
Published on 2007-12-04

Bank of Canada Keeps Interest Rate at 4.5%
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4.5%. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4.75%.
Published on 2007-10-16

Bank of Canada keeps interest rate at 4.5%
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent. The Boc also said that total and core CPI inflation in July, at 2.2 per cent and 2.3 per cent respectively, continued to be above the inflation target but generally in line with the Bank's expectations
Published on 2007-09-05

Bank of Canada raises interest rate to 4 1/2 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent.
Published on 2007-07-10

Bank of Canada Mantains its interest rate at 4 1/4 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent.
Published on 2007-06-17