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Recent Articles

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Bank of Canada increased its target for the overnight rate to 1.5%, with the Bank Rate at 1.75% and the deposit rate at 1.5%; the Bank is continuing its policy of quantitative tightening

RBC Economics: Inflation and rising borrowing costs will affect all Canadian households, hurt low-income Canadians most; return of overnight rate to 2% will hike average Canadian household debt payments by nearly C$2,000, or 15%, in 2023

Bank of Canada increased its target for the overnight rate to 1.0%, with the Bank Rate at 1.25% and the deposit rate at 1.0%; the Bank is ending reinvestment, will begin quantitative tightening, effective Apr. 25

Bank of Canada increased its target for the overnight rate to 0.5%, with the Bank Rate at 0.75% and the deposit rate at 0.5%; the Bank will keep overall holdings of Government of Canada bonds on its balance sheet roughly constant

Bank of Canada holds its target for the overnight rate at the effective lower bound of 0.25%; bank is continuing its reinvestment phase, keeping overall holdings of Government of Canada bonds roughly constant

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