The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year. For more information on … At the heart of the Bank of Canada’s monetary policy is the target for the overnight rate. See what it is—and what it means for you. A history …
https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

