Tag: overnight rate

Bank of Canada

Bank of Canada Holds Prime Rate in Face of Unpredictable Global Climate

By: Elias Kellendonk

Bank Steadies itself as Possible Domino Effect Threatens European Economies What a large number of analysts have been predicting for months has proven true; the Bank of Canada has opted to keep its benchmark, overnight interest rate at 1 per cent. The rate announcement came with a message: at present, combating inflation needs take a …

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