Bank of Canada Press Release

PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 3/4 per cent, 16 October.

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.

The strong expansion of the Canadian economy is continuing, with domestic demand growth fuelled by the substantial monetary stimulus in the economy. Core and total CPI inflation have risen app