The Bank of Canada - Rate Increase

Wednesday Apr 13th, 2022

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The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet will no longer be replaced and, as a result, the size of the balance sheet will decline over time. Russia’s ongoing invasion of Ukraine is causing unimaginable human suffering and... [read more]

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