Bank of Canada drops overnight rate to 1%

The Bank of Canada today lowered its overnight rate target by half a percentage point to an all-time record low of 1%, noting that its outlook for the global economy had deteriorated since December, with the intensifying financial crisis spilling...

By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close