TORONTO, Canada – The Bank of Canada today reduced its target for the overnight rate to 3¼ percent, with the bank rate at 3¾ percent and the deposit rate at 3¼ percent. The Bank is continuing its policy of balance sheet normalization. The global economy is evolving largely as expected in the Bank’s October Monetary Policy … Continue reading Bank of Canada reduces policy rate by 50 basis points to 3¼ percent