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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

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. ...

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Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

Bank 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 ...

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