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Category: Announcements (2 posts)
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
October 28, 2020 | Posted by: The Mortgage Captain - Ottawa, Toronto and Ontario Mortgage Brokers
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...
read moreBank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
September 9, 2020 | Posted by: The Mortgage Captain - Ottawa, Toronto and Ontario Mortgage Brokers
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
read more