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Bank of Canada maintains overnight rate target at 1/2 per cent

Link:
Bank of Canada > Press > Press Releases > Bank of Canada maintains overnight rate target at 1/2 per cent

Here are the most recent changes to the Bank of Canada prime rate (aka the overnight rate):
- June to September 2010: three increases of 0.25% each time, the prime rate changed from from 0.25% to 1.0% (0.75% total increase)
- January to July 2015: two decreases of 0.25% each time, the prime rate changed from 1.0% to 0.50% (0.50% total decrease)

The current rate has remained the same for the past 1 year.

The next scheduled date that the Bank of Canada will announce their overnight rate target is Wednesday September 7, 2016.