TSX:BPO.PR.A - Post by User
Post by
pierrelebelon Jul 23, 2024 4:27pm
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Post# 36145046
B.O.C. Interest Rate Announcement
B.O.C. Interest Rate Announcement July 25, 2024
09:45 (ET)
On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Four times a year, Governing Council presents the Monetary Policy Report: the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.
I expect interest rate to drop 0.25% with positive results on all preferred shares - within a week or two.