the spy compares 2812 mortgage rates from 299 companies across canada
  • log inlog in
  • become a spybecome a spy
Best Mortgage Rates in Canada
  • Best mortgage ratesBest Mortgage Rates
    • Best Mortgage Rate Search
    • Lowest Rate Comparison
    • Latest Mortgage Rate Changes
    • Best Bank Mortgage Rates
    • Rates by Term
      • Fixed Rates
        • Best 1 Year Fixed Mortgage Rates
        • Best 2 Year Fixed Mortgage Rates
        • Best 3 Year Fixed Mortgage Rates
        • Best 4 Year Fixed Mortgage Rates
        • Best 5 Year Fixed Mortgage Rates
        • Best 7 Year Fixed Mortgage Rates
        • Best 10 Year Fixed Mortgage Rates
        • View All Fixed Rates
      • Variable Rates
        • Best 1 Year Variable Mortgage Rates
        • Best 3 Year Variable Mortgage Rates
        • Best 5 Year Variable Mortgage Rates
        • View All Variable Rates
      • Best HELOC Mortgage Rates
      • Best Hybrid Mortgage Rates
      • Best Open Rates
      • Reverse Mortgage Rates
    • Rates By Location
      • By City
        • Toronto
        • Vancouver
        • Montreal
        • Calgary
        • Ottawa
        • Edmonton
        • View All Cities
      • By Province
        • Alberta
        • BC
        • Ontario
        • View All Provinces
  • About the spyAbout the Spy
    • Contact the Spy
    • Meet the team
    • In the News
  • Mortgage CalculatorsMortgage Calculators
    • Mortgage Calculator
    • Compare Amortization Scenarios
    • Mortgage Rate Comparison Calculator
    • Mortgage Penalty Calculators
  • Rate intelRate Intel
    • Rate News
    • Rate Pulse
    • Mortgage Glossary
  • Log InLog In
  • Become a spyBecome A Spy

">Target Rate

By The Spy on October 17, 2016
« Back to Glossary Index

The overnight target rate is also known as the Bank of Canada’s “key interest rate” or “key policy rate.” It is a foundational interest rate that influences virtually all other rates in Canada.

The Bank of Canada has eight fixed dates throughout the year on which it determines whether to cut, hike or leave the target rate unchanged.

« Back to Glossary Index



Recent News

  • Latest From the Rate Trenches…
  • Going, Going…
  • Canadian Rates Go Vertical
  • Tiff Talk
  • Canadian Mortgage Rates Turn the Corner
  • Bond Rates, Highest Since April
  • Fixed Rate Alert
  • The Bank’s Not Always Right
  • Watch Those Swaps
  • A Yield Breakout is Forthcoming…Wait for It

Categories

  • Bank of Canada (89)
  • Economic Analysis (73)
  • Frequently Asked Mortgage Questions (4)
  • Hot Rates (51)
  • Industry Reports (31)
  • Mortgage Briefs (32)
  • Mortgage Rate Curves (11)
  • Mortgage Rate Research (24)
  • Mortgage Rate Tips (63)
  • Mortgage Rate Trends (221)
  • Mortgage Rules (19)
  • New at the Spy (3)
  • New Mortgages (8)
  • New Tools & Features (10)
  • Opinion (1)
  • Rate Regulation (70)
  • RateSpy TV (5)
  • Reverse Mortgages (10)

Recent Comments

  • The Spy on Canadian Rates Go Vertical
  • The Spy on Bond Rates, Highest Since April
  • The Spy on Canadian Mortgage Rates Turn the Corner
  • The Spy on Tiff Talk
  • The Spy on Bond Rates, Highest Since April
  • Home
  • Best Mortgage Rates
  • About the Spy
  • Report a Lower Rate
  • Mortgage Rate News
  • Advertise Your Rates
  • Rate Widget
  • Lender Registration
  • Broker Registration
  • Amortization Scenario | Compare Interest Cost
  • Mortgage Calculator
  • Privacy Policy & Terms of Use
  • Home
  • About the Spy
  • Best Mortgage Rates
  • Mortgage Rate News
  • Privacy Policy &
  • Terms of use
  • Report a Lower Rate
  • Mortgage Calculator
  • Advertise Your Rates
  • Broker Registration
  • Lender Registration
  • Amortization Scenario Compare Interest Cost
  • Ratespy Facebook Footer Icon
  • Ratespy Twitter Footer Icon

Special thanks to our lender, mortgage broker and reverse mortgage sponsors who help us deliver the best mortgage rates in Canada.

Copyright © 2021 McLister Media Inc. All rights reserved.

Loader