March 2024 Key Rate Announcement  | Christian Pomerleau

French Episode

Following today’s announcement of the central bank interest rate, let’s delve into its implications and consequences for the economy with Christian Pomerleau, Executive Vice President and Mortgage Broker at PMML. On March 6th, the Bank of Canada maintained their target rate a 5%, with the bank rate at 5¼%, and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Learn more about market dynamics!