Bank of Canada Interest Rate Holds at 0.25%: June 2020

Bank of Canada Interest Rate Holds at 0.25%: June 2020

The Bank of Canada interest rate is remaining at 0.25% for June 2020. On June 3, 2020, the Bank of Canada (BOC) announced they are maintaining the overnight rate of 0.25%, which came into effect on March 27, 2020. This was not a surprise as the BOC had called the…

Read More

Bank of Canada Overnight Rate Increases to 1.75%

Bank of Canada Overnight Rate Increases to 1.75%

The Bank of Canada overnight rate has gone up to 1.75% after an October 24, 2018 announcement. This is the fifth interest rate increase since July of 2017, and the third in 2018. The Bank of Canada (BOC) cited robust U.S. and Canadian economies and the new US-Mexico-Canada Agreement (USMCA)…

Read More