04/18/2025
📣 Bank of Canada Holds Rate at 2.75%
The BoC is pressing pause on rate changes — keeping its key interest rate steady at 2.75% after seven straight cuts since June 2024.
🔹 The Canadian economy is slowing — less spending, fewer home purchases, and weaker hiring
🔹 Inflation sits at 2.3%, expected to ease with the removal of the carbon tax
🔹 Global uncertainty (especially trade tensions) continues to impact growth
🔹 The BoC is watching inflation closely and staying cautious in this uncertain environment
Next rate announcement? June 4, 2025
📩 Questions about how this impacts your mortgage or finances? Let’s chat!
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