Emergency Measures Bank of Canada lowers overnight rate target to ¾ percent
Bank of Canada lowers overnight rate target to ¾ percent FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario March 13, 2020 The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This…