Changes in domestic interest rates affect the value of the Canadian dollar less than changes in the risk premium do. These ...

Interest rates in Canada have declined gradually since the 1980s. Chart 1 plots the ... Chen and Dorich (2018) provide Bank of Canada estimates of the neutral rate. We provide an estimate of the ...

Paul Volcker wanted to tame inflation and the Bank of Canada ... including Canada’s own, began slashing rates. The prime rate dropped to as low as 2.25% in 2009. Interest rates stayed low ...

The Bank of Canada (BoC) last raised its key interest rate to 5% on July 12, 2023, marking the first time since April 2001 that the rate had hit the 5% mark. Before that pause, a series of rate ...