Bank of Canada
Rate Announcement
The Bank of Canada held its key interest rate at 2.25% in its latest announcement, maintaining a cautious stance as the Canadian economy navigates global trade disruptions and heightened geopolitical uncertainty.
​Key takeaways:
Policy Rate Remains at 2.25%
The overnight rate remains unchanged as the Bank continues to monitor economic conditions.
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Inflation Near Target
Inflation is currently at 2.4%, with core measures easing closer to 2%. Overall, inflation has remained within the Bank’s 1–3% target range.
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Modest Economic Growth
Economic growth is expected to remain gradual, with unemployment still elevated. The economy continues to operate with some excess supply, which helps contain inflation pressures.
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Impact on Homeowners
For those with variable-rate mortgages, a hold means payments remain stable for now.
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*Information provided by Chris Burns of BRX Mortgage*