July 10, 2007 Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent. Content Type(s): Press, Press releases
January 20, 2004 Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 2 1/2 per cent Media Relations Ottawa, Ontario Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 3/4 per cent. Content Type(s): Press, Press releases
December 6, 2005 Bank of Canada raises overnight rate target by 1/4 percentage point to 3 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/4 per cent. Content Type(s): Press, Press releases
October 19, 2004 Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 3/4 per cent. Content Type(s): Press, Press releases
May 17, 2007 The Bank of Canada's Target for the Overnight Interest Rate: Policy Implementation Framework The Bank of Canada has released The Bank of Canada's Target for the Overnight Interest Rate: Policy Implementation Framework. This document outlines the framework within which the Bank implements monetary policy, including the target for the overnight interest rate, the operating band, open market buyback operations, and settlement balances. Content Type(s): Press, Market notices
June 15, 2020 Bank of Canada becomes administrator of Canadian Overnight Repo Rate Average Media Relations Ottawa, Ontario The Bank of Canada is now the administrator of the Canadian Overnight Repo Rate Average (CORRA) and will post today the first rate calculated using an improved methodology. Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
July 16, 2019 Results from the CARR Consultation on Enhancements to the Canadian Overnight Repo Rate Average This document provides a summary of consultation results on enhancements to the Canadian Overnight Repo Rate Average. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
February 18, 2020 Bank of Canada to begin publishing Canadian Overnight Repo Rate Average in June Media Relations Ottawa, Ontario The Bank of Canada will take over the responsibility for publishing the Canadian Overnight Repo Rate Average (CORRA), effective Monday, June 15, 2020. Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
April 21, 2009 Operating Framework for the Implementation of Monetary Policy at the Effective Lower Bound for the Overnight Interest Rate The Bank is setting an effective lower bound (ELB) of 25 basis points on the overnight interest rate in order to preserve the effective functioning of markets in a low interest rate environment.
March 20, 2015 Changes to the Bank of Canada’s role with respect to the Canadian Overnight Repo Rate Average (CORRA) Thomson Reuters Benchmark Services Limited will become the administrator, calculation agent and publication agent for the Canadian Overnight Repo Rate Average (CORRA), effective 30 March 2015. Content Type(s): Press, Market notices