Bank of Canada increases overnight rate target to 1 1/4 per cent - GIC Wealth Management

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FYI/Blog Bank of Canada increases overnight rate target to 1 1/4 per cent

Bank of Canada increases overnight rate target to 1 1/4 per cent

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding the future of the North American Free Trade Agreement (NAFTA) is clouding the economic outlook.

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http://www.bankofcanada.ca/2018/01/fad-press-release-2018-01-17/?utm_source=RDBA+Email+List+May+2017&utm_campaign=e06ead2cb2-BOC_17_01_2018&utm_medium=email&utm_term=0_2fb13e0136-e06ead2cb2-226120685