Key Interest Rate

• July 12, 2017

  Bank of Canada increases overnight rate target to 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada is raising its target for the overnight rate to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

  Content Type(s): Press, Press releases
• July 12, 2017

  Monetary Policy Report – July 2017

  

  Growth in the Canadian economy is projected to reach 2.8 per cent this year before slowing to 2.0 per cent next year and 1.6 per cent in 2019.

  Content Type(s): Publications, Monetary Policy Report