Bank of Canada reduced its benchmark interest rate by 25 basis points
{Updated} The Bank of Canada cut its overnight policy rate by 25 basis points today, bringing it down to 3%. While the move aims to support economic growth, the central bank acknowledges heightened uncertainty due to potential U.S. tariffs under the new administration.
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Posted: 2024-10-23
Today the Bank of Canada reduced its benchmark interest rate 50 basis points, bringing the rate to 3.75 per cent.
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Posted: 2024-09-04
Today the Bank of Canada reduced its benchmark interest rate a further 25 basis points, bringing the rate to 4.25 per cent.
The next scheduled date for announcing the overnight rate target is October 23rd, 2024.
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Posted: 2024-07-24
Today the Bank of Canada reduced its benchmark interest rate a further 25 basis points, bringing the rate to 4.5 per cent.
The next scheduled date for announcing the overnight rate target is September 4, 2024.
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Posted: 2024-06-05
On Wednesday, the Bank of Canada reduced its benchmark interest rate by 25 basis points. This change brings the rate to 4.75 per cent.
The next scheduled date for announcing the overnight rate target is July 24, 2024.
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