Press Releases

• January 29, 2025

  Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.

  Content Type(s): Press, Press releases
• January 17, 2025

  Bank of Canada releases review of exceptional policy actions taken during the pandemic

  Media Relations Ottawa, Ontario

  The Bank of Canada’s exceptional policy actions during the COVID-19 pandemic provided important support for the economy during the unprecedented shock, says a review published today.

  Content Type(s): Press, Press releases