Bank of Canada Maintains 0.25% Overnight Target Rate

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. According to the Bank, the global economy continues to strengthen but recovery remains dependent on “exceptional monetary and fiscal stimulus” together with the “extraordinary measures” already in place to support financial systems.

Bank of Canada Website

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