The BoC lowered its target for the overnight rate by a 0.25% to 4.75% and will continue its policy of balance sheet normalization.

The BoC has now maintained this rate of 5% since July 12, 2023. Inflation still remains sticky but the BoC expects inflation to slow...

Today, March 6, 2024, the BoC held its target for the overnight rate at 5% and is continuing its policy of quantitative tightening. The...

It’s no surprise that the BoC held their overnight rate at 5% today for the 4th consecutive time. They did, however, suggest that...