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 ...

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 ...

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 ...

Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank cut its key policy rate by 25 ...

The Bank of Canada said Wednesday that it is lowering its key interest rate by 25 basis points (bps) to three per cent.