December 6 - Bank Of Canada Interest Rate Announcement

 

Bank of Canada

The Bank Of Canada holds it's overnight rate at 5%, with the Bank Rate at 5% and the Deposit Rate at 5%. Per the BOC website, the bank is continuing it's policy of quantitative tightening. 

This is the third rate hold in a row. 

It will be interesting to see what sort of market response happens going into the Spring market. 

Many people are waiting until rates go down before buying/selling, and many are looking for the theoretical 'bottom' of the market to buy. 

Click here to read the Bank of Canada Press Release.