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…

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The Bank of Canada Interest Rate and the COVID-19 Pandemic

The Bank of Canada Interest Rate and the COVID-19 Pandemic

Since March 4, 2020, the Bank of Canada interest rate has undergone several changes: On March 4, 2020 the overnight rate decreased from 1.75% to 1.25% On March 13, 2020, it was further lowered from 1.25% to 0.75% On March 27, 2020, it was again lowered from 0.75% to 0.25%…

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