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May 2017

Found 1 blog entry for May 2017.

The Details

Once again, the Bank of Canada (BoC) announced it is keeping its overnight lending rate, the targeted rate it charges when Canadian banks borrow, at .5%. Consequently, most banks and lending institutions are expected to keep their prime lending rate at 2.7%, where it has been since July of 2015. 

This is the 15th straight policy meeting where the BoC has elected to leave the overnight rate untouched, surprising nobody; most analysts are predicting the Bank to be sidelined well into 2018. In addition to the rate announcement, the associated press release was light on meaningful commentary (a more in-depth "Monetary Policy Report" is only released every second meeting). 

One development we were expecting to hear about concerns the

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