🏦 Bank of Canada Rate Decisions
2.23%
Overnight Rate Target
· as of April 1, 2026
60 significant decisions · 2000–2026 · Bank of Canada Valet API
🔒 Rate Decision History — Starter+
Every BoC rate cut and hike from 2000–2026 with basis-point changes. Follow the money behind Canadian economic policy.
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About the overnight rate
The Bank of Canada sets the target for the overnight rate — the interest rate at which major financial institutions borrow and lend one-day funds. Changes ripple through prime rates, mortgages, and the Canadian dollar. The BoC announces rate decisions 8 times per year at fixed dates. Data sourced from the Bank of Canada Valet API (series V122514).
BoC Key Interest Rate ↗ Officers of Parliament →
The Bank of Canada sets the target for the overnight rate — the interest rate at which major financial institutions borrow and lend one-day funds. Changes ripple through prime rates, mortgages, and the Canadian dollar. The BoC announces rate decisions 8 times per year at fixed dates. Data sourced from the Bank of Canada Valet API (series V122514).
BoC Key Interest Rate ↗ Officers of Parliament →