So, dear readers of my blog! Today the time has come to talk about the new interest rates with which we shall wrap up the 2019. Today, the Bank of Canada has... HELD STEADY the prime and overnight rates!
As of today, 4 Dec 2019, the rates are:
Overnight rate 1.75%.
The Bank Rate is 2%
Deposit rate is 1.5%.
The BoC has maintained the current overnight rate since last October, when it was raised from 1.5%.
Full story here