09/02/2026
Rates didn't change today, but the Bank of Canada's outlook is worth paying attention to.
The Bank held its overnight rate at 2.25%, which means the prime lending rate remains at 4.45% for most lenders.
Canada's economy is showing stronger signs of recovery, with improving employment, consumer spending and housing activity. At the same time, higher energy prices and new tariffs are creating renewed inflation concerns.
For borrowers, the message is less about today's rate and more about planning ahead. With only two Bank of Canada decisions remaining this year, understanding your options matters more than trying to predict the next move.
If you're buying, renewing or refinancing, let's look at what today's market means for you.
