Canada, inflation
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The Bank of Canada is holding its key interest rate at 2.25 per cent for a second consecutive meeting, a move that was widely expected by analysts.
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The Bank of Canada held its overnight benchmark interest rate at 2.25 per cent on Wednesday after the Bank's first monetary policy meeting of 2026.
The Canadian Press on MSN
Bank of Canada says path for rates hard to predict with increased risks to outlook
OTTAWA — The Bank of Canada's governing council says it's difficult to see where interest rates are headed as it faces increased risks to its economic outlook due to geopolitical turbulence and trade uncertainty.
The report, Canadian Economy on Life Support by Rosenberg Research, states that despite cuts to interest rates from a high of 5% in 2024, Canada’s per capita gross domestic product is still failing, and the economy is growing at only 1% per year. Manufacturing and housing sectors are also struggling, down 5% and 2% annually, respectively.
The Bank of Canada has kept its benchmark interest rate at 2.25%, in a move that was widely expected. Maria Solovieva, Economist at TD Bank Group, discusses whether this latest decision marks the end of the central bank’s tightening cycle. She also ...
TORONTO, Jan 28 (Reuters) - The Bank of Canada on Wednesday held its policy rate at 2.25%, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might next change.
The exchange rate of a nation's currency is one of the most important determinants of its state of economic health. Find out how and why rates fluctuate.