BoC stands by 0.25% rate in first policy announcement for 2021
In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5%…
What will happen to Bank of Canada rates in 2021?
The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent Ratehub.ca forecast. James Laird, co-founder of Ratehub.ca, said that even with…
BoC’s Macklem: Economic volatility looming for Canada’s economy
Bank of Canada Governor Tiff Macklem has warned that despite the arrival of COVID-19 vaccinations, the nation’s gradually recovering economy could slow again in the wake of the second wave of…