When will interest rate announcements be made?

All interest rate announcements will be made at 10:00 (ET), and the Monetary Policy Report will be published concurrently with the January, April, July and October rate announcements. The scheduled dates for the release of the 2022 issues of the Business Outlook Survey and Canadian Survey of Consumer Expectations are as follows:

What does the bank of Canada announcement mean?

When you see headlines talk about the “Bank of Canada announcement,” it typically refers to a change made to this rate by the BoC. The target overnight rate represents the starting point for many interest rates in the country, including the benchmark rate set by the banks, known as the Prime rate.

What is an announcement date?

Announcement dates can also encompass new announcements from government agencies, regulators, or the Federal Reserve. Common instances involving an announcement date include dividend announcements, earnings reports, merger or acquisition activity, new capital issuances, and initial public offerings.

How does a company announce a new issuance?

An issuer may choose to appoint a trustee and principal paying agent. Legal documentation and a prospectus will also be prepared prior to the announcement date. On the announcement date, the company announces its new issuance through a press release, which coincides with a public filing with the Securities and Exchange Commission (SEC).