Bay Street News

Bank of Canada maintains overnight rate target at 1/2 per cent

OTTAWA, Jan. 20, 2016 /CNW/ – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

Inflation in Canada is evolving broadly as expected. Total…