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%…

Read More