Wendy Betts

Closed Rates: Open Rates:
6 Month Closed: 5.55% 6 Mo. Open: 7.70%
1 Year Closed: 3.99% 1 Yr. Open: 8.55%
2 Year Closed: 4.90% Prime: Currently 3.50%
3 Year Closed: 4.64%
4 Year Closed: 4.69% ***5 Year Rate Special***
5 Year Closed: 4.49% / 4.44% - 5 Year fixed/Closed*
6 Year Cl ...

Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per cent

OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 1 1/4 per cent.

The outlook for the global economy has deteriorated ...