Bank of Canada reduced its benchmark interest rate by 50 basis points

Oct. 23, 2024 | Market Update | By The Rossettis

Today the Bank of Canada reduced its benchmark interest rate 50 basis points, bringing the rate to 3.75 per cent. 

Learn more: Bank of Canada >>

 


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.

Learn more: Bank of Canada >>

 


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.

Learn more: Bank of Canada >>

 


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.

Learn more: Bank of Canada >>


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