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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Bank of Canada Holds 1.75% Interest Rate for May 2019

Bank of Canada Holds 1.75% Interest Rate for May 2019

The Bank of Canada overnight interest rate is staying the same for another month. On May 29, 2019, the Bank of Canada (BOC) announced that it is keeping its key interest rate at 1.75% – the same rate it has been since October of 2018. The Bank Rate is remaining…

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