07/15/2026
Bank of Canada holds. Markets react. Homeowners and buyers are watching.
The Bank of Canada has once again held its overnight rate at 2.25%, signalling growing confidence that current interest rates are helping balance inflation and economic growth.
While rates remain unchanged for now, the conversation doesn't stop there. Inflation, employment, bond yields, and global events will all continue to shape where mortgage rates go next.
Whether you're renewing, refinancing, buying your first home, or simply keeping an eye on the market, understanding these decisions can help you make more informed financial choices.
Swipe through for a breakdown of:
• Why the Bank held rates
• What it means for homeowners and buyers
• Where inflation and the economy are heading
• What economists expect next
Have questions about how today's announcement affects your mortgage? Reach out—we're always happy to help.