News from the Bank of Canada today. The Bank will maintain the overnight rate. Prime will stay the same at 4.95%.
At the third announcement of 2025 and after seven reductions in a row the Bank of Canada today decided to hold the overnight rate. Prime will stay at 4.95%.
The next scheduled date for announcing the overnight rate target is Jun 4, 2025.
https://www.bankofcanada.ca/2025/04/fad-press-release-2025-04-16/