We are deeply saddened by the recent tragic events that unfolded in Ottawa and St-Jean-sur-Richelieu, and send our thoughts to the families of our fallen Canadian soldiers. Thank you so much for your service.
While the Bank of Canada Governor Stephen Poloz did not appear before the House of Commons Finance Committee, a Bank of Canada press release was issued earlier in the morning that announced it is keeping the overnight rate unchanged, exactly where it’s been for more than four years, noting that the rate is “appropriate” for the current state of the economy. The prime rate stays at 3%.
The next rate-setting day is December 3rd.