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  • Writer's pictureMark Albert

BANK OF CANADA / Dec. 5, 2018 / BOC Interest Rate Announcement Explained / Reasons Rate Maintained

Bank of Canada (BOC) made an announcement to maintain the overnight rate at 1 ¾ per cent on December 5, 2018. The next interest rate announcement will be January 9, 2019, followed by March 6, 2018. Bank of Canada (BOC) Interest Rate Announcement Explained.

Some Reasons For Maintaining Rates

- Negative weighing on Canadian Economy

- Negative weighing on Global Economy

- Steep discount on Canadian Crude

- Uncertainty over business investment

- U.S.-China trade showdown

Watch October 24, 2019 Bank of Canada Interest Rate Announcements: BANK OF CANADA / Oct. 24, 2019 / BOC Interest Rate Increase / Reasons For The Rate Increase / BOC

More information on the Bank of Canada (BoC)


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