The interest rate decision is … The Bank began emphasizing the target as its key interest rate in its communications with the public.Because the target affects the interest rates that financial institutions charge each other from day to day, it usually affects other interest rates, such as mortgages and consumer loans.The target for the overnight rate is also the most appropriate policy rate for international comparisons; for example, with the target for the federal funds rate in the United States and with the two-week repo rate in the United Kingdom.In November 2000, the Bank of Canada introduced a new system of eight "fixed" or pre-specified dates each year for announcing any changes to the official interest rate it uses to implement monetary policy. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. BoC Interest Rate Decision is announced by the Bank of Canada.

November 1956 to June 1962 The use of this website constitutes acceptance of our user agreement. This target for the overnight rate is often referred to as the Bank's Changes in the target for the overnight rate influence other interest rates, such as those for consumer loans and mortgages. "Blackout" Guidelines for Communications around Fixed Announcement Dates.Over the years, the Bank of Canada has adjusted the way it sets its key interest rate.

Note: All information on this page is subject to change. Following is a brief history of the key rate from the Bank's founding in 1935 until the present.The Bank began shifting emphasis from the Bank Rate to the target for the overnight rate as its key monetary policy instrument.This shift followed the Bank's introduction of a 50-basis-point "operating band" for the overnight rate, which is the rate at which major participants in the money market borrow and lend one-day (or overnight) funds among themselves.At that time, the Bank used daily adjustments in the level of The shift in emphasis toward the target for the overnight rate was clearly communicated to the markets with the launch of the LVTS. BoC’s Interest Rate Decision Today in the American session BoC will be releasing its interest rate decision and the bank is widely expected to remain on hold at +0.25%. Take a central role at the Bank of Canada with our current opportunities and scholarships.Learn how the selection process for the portrait subject of the $5 note will unfold.Find out what removing legal tender status means and which bank notes are affected.Browse and filter Bank of Canada publications by author, JEL code, topic and content type.The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.Understanding digital currencies and related financial technologies is an important part of our research agenda.Browse and filter Bank of Canada press content by topic, author, location and content type.These forecasts are provided to Governing Council in preparation for monetary policy decisions. It does this by raising and lowering the target for the overnight rate.The overnight rate is the interest rate at which major financial institutions borrow and lend one-day (or "overnight") funds among themselves; the Bank sets a target level for that rate. They can also affect the For more information about the target for the overnight rate, refer to: Browse Bank of Canada articles, research papers and publications related to monetary policy.Browse Bank of Canada articles, research papers and publications related to exchange rates. It is one of the key events influencing the Canadian dollar quotes. The original key interest rate was the Bank Rate. Between March 1935 and November 1956, the Bank Rate was fixed, set directly by the Bank. The high degree of leverage can work against you as well as for you. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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