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Bank of Canada raises rates again, now at 1%

The Bank of Canada announced on September 6, 2017, it was further raising its trend-setting overnight lending rate from 0.75% to 1%. The rate rose by 0.25% in July, meaning the latest September increase fully unwinds the half-percentage point by which the Bank dropped interest rates in early 2015 after oil prices suddenly dropped in… View More >

Bank of Canada boosts rates by ¼ point

Says economy has now adjusted to lower oil prices The Bank of Canada announced on July 12th, 2017 that it was raising its trend-setting overnight lending rate from 0.5% to 0.75%. The increase partially unwinds the half-percentage point by which the Bank dropped interest rates in early 2015 following the sudden drop in oil prices… View More >