Bank of Canada Press Release

PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 3/4 per cent, 4 September.

OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent.

Consistent with the Bank's economic outlook in the July Monetary Policy Report Update, the Canadian economy continued its strong performance in the second quarter of the year and int