Bank of Canada lowers interest rate

Mirroring developments in the U.S. stemming from the impact of the coronavirus on the economy, the Bank of Canada today (March 4, 2020) lowered the Bank Rate by one half of one percent to 1 ¼ percent.  Here is the full text of today’s press release:

Bank of Canada rate increase (July 2018)

Here is the text of the Bank of Canada’s press release (“Bank of Canada raises overnight rate target to 1 ½ per cent”) this morning (July 11, 2018), which provides economic commentary and insight regarding the impact of current political and economic factors:

Bank of Canada rate increase

Here is the text of the Bank of Canada’s press release (“Bank of Canada increases overnight rate target to 1 1/4 per cent”) this morning (January 17, 2018), which provides excellent economic commentary: