Blog by Cher Ewing

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The Bank of Canada announced Wednesday morning

The Bank of Canada announced Wednesday morning it will maintain its target for the overnight rate at 0.5%.

“The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent,” the bank writes in a release. “The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.”