News

All items tagged with: Poloz

Bank of Canada Increases Interest Rate to 1.5%

Posted: July 11, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking, Current Issue , knowledge bureau, interest rates, Bank of canada, Evelyn Jacks, Poloz

Bank of Canada raised its benchmark interest rate to 1.5 percent (up from 1.25 percent) as anticipated, in an announcement from Governor Stephen Poloz this morning.