Canada Overnight Rate Target

Bank of Canada Target for the Overnight Rate, the primary policy rate set by the BoC Governing Council (Valet series V39079).

Canada Overnight Rate Target is part of the Yield Curve & Rates category. Interest rates set the price of money and ripple through every asset class. An inverted yield curve has preceded every U.S. recession since the 1960s, making this the single most-watched corner of fixed income. Monitoring rate differentials, real yields, and forward expectations helps traders anticipate risk-on or risk-off regime shifts.

Canada Overnight Rate Target is updated once per day after market close. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.

Convex sources Canada Overnight Rate Target data from official government and market data providers. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.

The Canada Overnight Rate Target page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.