May 2019 Bank of Canada Interest Rate Remains at 1.75%
The Bank of Canada is holding the overnight interest rate for another month.
On May 29, 2019, the Bank of Canada (BOC) announced that the interest rate would stay at 1.75%, the rate it has been since October of 2018.
A number of factors played into the BOC decision — including the Canadian housing market.
See the details on the Purview blog: https://www.purview.ca/bank-of-canada-interest-rate-may-2019/.