01/29/2026
π Bank of Canada | Interest Rate Update (January 28, 2026) π¨π¦
The Bank of Canada has held its key interest rate steady at 2.25% in its first policy decision of 2026. π This means the overnight rate, Bank Rate, and deposit rate remain unchanged from the end of 2025 β a move that was widely expected by economists.
The Bank highlighted that economic uncertainty remains elevated, especially due to ongoing global trade pressures and unpredictable policy shifts β making future rate moves less clear.
π What this means for you:
π‘ If youβre thinking about buying, renewing, or refinancing, now could be a great time to review your mortgage options. With rates holding, lenders are offering competitive products and opportunities to improve your financial position.
π Iβm here to help you make sense of the market and find the best solution for YOUR goals.
π² Roopy Naroo
Mortgage Agent β’ Lic # M25001720
GNE Mortgages Inc. β’ Lic # 10394
π 647-961-7802
β [email protected]