June 1, 2022
Ethel M. Lariviere

Today, the Bank of Canada increased policy interest rate by 50 basis points

Today, the Bank of Canada increased policy interest rate by 50 basis points. Increasing the overnight target rate to 1.50%, Bank Rate to 1.75% and the deposit rate to 1.50%. The next scheduled announcement of the overnight target rate is July 13, 2022.

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