The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
As announced today by Prime Minister Justin Trudeau and Minister of Finance Bill Morneau, the Bank of Canada is undertaking a broad public consultation to select an iconic Canadian woman to be featured on the first bank note of its next series. This new note will be issued in 2018.