Bank of Canada makes sixth consecutive cut, lowering key lending rate to 3.0% In its first announcement of 2025, Canada’s central bank lowered the overnight rate by 25 basis points January 29, 2025 6 min. read On January 29th, its first scheduled announcement of 2025, the Bank of Canada announced that it had lowered the […]
Tag Archives: economics
Overnight lending rate falls to 4.25% as Bank of Canada makes third consecutive cut September 4, 2024 Canada’s central bank has made a third cut to its overnight lending rate this year, lowering borrowing costs for existing and aspiring homebuyers yet again. In its scheduled September 2024 announcement, the Bank of Canada dropped the target […]
After holding the overnight lending rate at a two-decade high of 5% for 11 months, the Bank of Canada has reduced its policy rate. In its pre-scheduled announcement for June, Canada’s central bank reduced the target for the overnight rate by 25 basis points to 4.75%. Though inflation remains slightly above the BoC’s target rate […]
Alasdair Douglas 