July 27, 2015
Media Relations - Latest
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July 15, 2015
Bank of Canada lowers overnight rate target to 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.