04/28/2026
🚨 BOC RATE ANNOUNCEMENT TOMORROW 🚨
The waiting game continues! 🇨🇦 Tomorrow, April 29, the Bank of Canada releases its next interest rate decision and quarterly Monetary Policy Report at 9:45 AM ET.
🔍 What’s expected?
Most economists (roughly 93%!) expect Governor Tiff Macklem to HOLD the rate at 2.25%.
💡 Why?
The BoC is balancing two opposing forces:
1️⃣ Inflationary Pressures: Oil prices have increased due to geopolitical tensions, keeping inflation slightly above target.
2️⃣ Economic Slowdown: The economy is weak, calling for a "wait-and-see" approach.
🏡 What it means for you:
Variable Rate Mortgages: Payments are likely to stay steady.
Borrowers: Stability for now, but uncertainty remains later in 2026.
Stay tuned for our full breakdown tomorrow morning! 📉📈