Bank of Canada: Money Market and Interest Rates Overview (January 1-5, 2024)

The Bank of Canada’s daily release of financial market statistics for the period of January 1 to January 5, 2024, provides valuable insights into key interest rates affecting the Canadian economy.

  1. Overnight Money Market Financing:
    • January 1, 2024: Not Available
    • January 2, 2024: 5.0294%
    • January 3, 2024: 5.0269%
    • January 4, 2024: 5.0155%
    • January 5, 2024: Not Available
  2. Government of Canada Benchmark Bond Yields (in percent):
    • 2-year: 3.96, 3.96, 4.04, 4.06
    • 3-year: 3.74, 3.75, 3.82, 3.83
    • 5-year: 3.25, 3.24, 3.33, 3.36
    • 7-year: 3.18, 3.16, 3.25, 3.28
    • 10-year: 3.18, 3.14, 3.23, 3.26
    • Long term: 3.10, 3.07, 3.14, 3.19
  3. Real Return Benchmark Bond Yield (Long Term):
    • 1.4672, 1.4422, 1.5107, 1.5549
  4. Government of Canada Marketable Bonds (in percent):
    • 1-3 years: 3.98, 3.99, 4.07, 4.08
    • 3-5 years: 3.32, 3.32, 3.41, 3.44
    • 5-10 years: 3.18, 3.15, 3.24, 3.27
    • Over 10 years: 3.13, 3.10, 3.17, 3.22
  5. Treasury Bills (in percent):
    • 1-month: 5.03, 4.93, 4.94, 4.99
    • 2-month: 5.00, 4.88, 4.97, 4.87
    • 3-month: 4.98, 4.94, 5.02, 4.96
    • 6-month: 4.87, 4.94, 4.93, 4.82
    • 1-year: 4.65, 4.68, 4.69, 4.69
  6. Bankers’ Acceptances Rate (Terminated):
    • Rates for 1-month, 2-month, and 3-month are terminated.
  7. Prime Corporate Paper Rate (Terminated):
    • Rates for 1-month, 2-month, and 3-month are terminated.
  8. Operating Band and Rates:
    • Low: 5.000%
    • High: 5.250%
    • Bank Rate: 5.250%
    • Target Rate: 5.0000%

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1010013901


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