Bank of Canada maintains overnight rate target at 1/2 per cent FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario 18 January 2017 Available as: PDF   The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Uncertainty about the global outlook is undiminished, particularly with respect to policies in the United States. The Bank has made initial assumptions about prospective tax policies only, resulting in a modest upward revision to its US growth outlook. Overall, the global economy isRead More →