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Homework answers / question archive / Going from lowest to highest, the key rates in Canada are? among Target overnight, deposit, bank, prime

Going from lowest to highest, the key rates in Canada are? among Target overnight, deposit, bank, prime

Economics

Going from lowest to highest, the key rates in Canada are?

among Target overnight, deposit, bank, prime

pur-new-sol

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The lowest amongst these is the deposit rate which reached the all time low of -0.1% in October 2020

Then, there is the target overnight rate or bank rate which is the key policy rate in Canada and it is 0-0.25% currently

The highest is the prime rate which stands at around 2.45% in Canada currently.