Category: Bank of Canada

Bank of Canada to announce interest rate decision April 24

The next Bank of Canada Policy Interest Rate decision is April 24, 2019.

Recent employment and economic progress reports suggest that the strong growth recorded by the Canadian economy during much of 2018 could be slowing. With the Bank of Canada poised to release its next interest rate decision later in the week, these details will likely enter into the Bank’s thinking when it announces its interest update … read more

How the Bank of Canada manages interest rates

Bank of Canada interest rate announcements always attract significant media and public attention. That’s because interest rates have an impact on all Canadians. If you’re a saver, the prevailing interest rate affects how much your savings earn. If you’re planning to borrow to finance a large purchase, such as a new home or vehicle, the … read more

Will Canada join the negative interest rate club?

Negative Interest Rates in Canada

In discussing its recent decision to hold the benchmark lending rate steady at 0.5 percent, Bank of Canada Governor Stephen Poloz did not rule out the possibility of implementing a negative interest rate if the economy doesn’t show increased strength in the coming months. While Canada has never adopted a negative interest rate before, the … read more