FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 2, 2026 The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The continuing conflict in the Middle East is keeping energy prices high. As well,...
Bank of Canada maintains the policy rate at 2¼% FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario July 15, 2026 The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada’s economy is showing signs of...
Central bank makes fifth rate announcement of 2026 as uncertainty over inflation and economic outlook continues By Fergal McAlinden 10 Jun. 2026 The Bank of Canada has held interest rates steady in its latest decision, leaving its benchmark rate unchanged amid continuing uncertainty over the economic outlook. The central bank...
The June 10 Bank of Canada decision is days away and the signals are mixed By Liezel Once The Bank of Canada is widely expected to hold its overnight rate at 2.25% when it meets on June 10, with a contracting economy, eroding labour market, and the shadow...
Central bank’s April call arrives with no end in sight to ongoing geopolitical chaos By Fergal McAlinden The Bank of Canada has left interest rates unchanged in its third decision of the year, holding steady yet again amid conflicting signs on the inflation and economic outlooks. The central bank...
Economists argue that the Iran war oil shock has lifted inflation but not enough to justify another hit to borrowers By Liezel Once 28 Apr. 2026 The Bank of Canada is expected to hold its policy rate at 2.25% on Wednesday, with economists arguing that the Iran war oil...
First-time buyers see purchasing power increase as investors step away from the market – or into trouble By Fergal McAlinden It’s a trend that’s been welcomed by hopeful first-time homebuyers and cursed by landlords and investor-owners over the past year: a slow but steady decline in average rents...
Geopolitical chaos spills over into potential higher costs, inflation and economic fears, and rate-hike worries for borrowers By Fergal McAlinden Canada’s housing market hadn’t exactly been blazing a trail in the early weeks of 2026, but the eruption of conflict in the Middle East since the end of...
With an overwhelming percentage of Canadians supporting the policy, don’t expect a reversal anytime soon By Fergal McAlinden 04 Mar. 2026 As home prices spiked during the COVID-19 pandemic and competition surged in the housing market, the Trudeau government announced it would clamp down on speculative activity by banning...
Flat growth and trade turmoil reinforce expectations for a long policy pause Canada’s economy looked to have stalled heading into year‑end, and that has forecasters leaning harder toward a Bank of Canada rate freeze that could stretch through 2026. Industry‑based GDP was flat in November after a 0.3% decline...