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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
Expert Solution
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.
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