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Mortgage News
| 21 April 2009 |
BANK OF CANADA CUTS 25 BASIS POINTS,BRINGING OVERNIGHT RATE TO THE FLOOR UNTIL 2010
• 25 basis point cut brings interest rate policy to
its effective lower bound at a 0.25% overnight
target, and Bank commits to this overnight rate
until end of Q2/2010.
• As Bank seeks to keep inflation expectations
anchored, future monetary stimulus will rest on
market interventions and direct injections with
this framework to be unveiled on Thursday. |
| 3 March 2009 |
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent
OTTAWA, Ontario, March 03, 2009 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3/4 per cent. |
| 20 January 2009 |
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per cent
OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 1 1/4 per cent |
| 9 December 2008 |
Bank of Canada makes deep cut
OTTAWA — The Bank of Canada has dramatically cut its key interest rate by a hefty three-quarters of a percentage point, blaming a “broader and deeper” global slowdown for driving Canada into recession. |
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| 1 Year Closed |
2.55% |
| 2 Year Closed |
3.20% |
| 3 Year Closed |
3.54% |
| 4 Year Closed |
4.09% |
| 5 Year Closed |
4.19% |
| 7 Year Closed |
5.30% |
| 10 Year Closed |
5.40% |
| Prime |
2.25% |
Last Updated: 10-Mar-10 |
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