Historical Year Data · 2016
Canada Overnight Rate Target in 2016
Canada Overnight Rate Target opened 2016 at 0.50% and closed at 0.50%, a +0.00% move for the year. The high of 0.50% was reached on January 1, and the low of 0.50% on January 1.
Open
0.50%
2016-01
Close
0.50%
261 data points
High
0.50%
Jan 1
Low
0.50%
Jan 1
Full Year Change
+0.00%
2015 Change
-50.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Feb | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Mar | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Apr | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| May | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Jun | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Jul | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Aug | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Sep | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Oct | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Nov | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Dec | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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