Bank of Canada Announcement - April 21, 2021
April 21, 2021
As anticipated, the Bank of Canada announced no change to its overnight lending rate this morning - opting to hold the rate at 0.25 percent. The Bank’s Quantitative Easing (QE) program will, however, be adjusted to a spend of at least $3 billion per week effective April 26, 2021; a decrease from the minimum $4 billion weekly injection that was announced in October 2020.