Bank of Canada Rate Announcement April 15th, 2015

Katherine Martin • April 15, 2015

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

The Canadian economy is estimated to have stalled in the first quarter of 2015. The Bank’s assessment is that the impact of the oil price shock on growth will be more front-loaded than predicted in January, but not larger.

This is the second announcement in a row where the Bank of Canada has maintained the overnight rate since the unexpected .25% drop on January 21st 2015.

The next scheduled Bank of Canada date for announcing the overnight rate target is May 27th, 2015.

Here is a copy of the full Bank of Canada Announcement.

Here is a copy of the Monetary Policy Report that was released today as well.

Katherine Martin


Origin Mortgages

Phone: 1-604-454-0843
Email: kmartin@planmymortgage.ca
Fax: 1-604-454-0842


RECENT POSTS

Bank of Canada Holds Rate at 2.25% — March 18, 2026

By Katherine Martin • March 18, 2026
The Bank of Canada announced today that it is holding its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. For anyone watching the mortgage market — whether you're renewing, purchasing, or simply keeping an eye on borrowing costs — here's a breakdown of what was announced and what it may mean for you.

Is Now the Right Time to Buy? A Look at Canada's 2026 Housing Market

By Katherine Martin • March 17, 2026
For many Canadians, the dream of homeownership has felt like a moving target. After years of market volatility, shifting interest rates, and economic uncertainty, you might be wondering: is 2026 finally the year to make a move?
© 2026 

Katherine Martin. All Rights Reserved.