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 ...

In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the country's central bank announced it had reduced the policy rate from 3.25 per ...

“There are signs economic activity is gaining momentum as past interest rate cuts work their way through the economy,” Bank of Canada governor ... in line with historical norms and the cost ...