Bank of Canada maintains overnight rate target at 1/2 per cent - GIC Wealth Management

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For Your Information Bank of Canada maintains overnight rate target at 1/2 per cent

Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. The US economy continues to grow at a solid pace, although private domestic demand has proven slightly less robust than expected. For full article please click on the link below.

http://www.bankofcanada.ca/2015/12/fad-press-release-2015-12-02/