04/29/2026
The Bank of Canada has kept to key interest rate unchanged a 2.25%, a level it has held since October, citing slow but positive economic growth and easing inflation.
Governor Tiff Macklem offered little direction on what comes next. saying uncertainty remains high due to unpredictable U.S. trade policy and global risks.
Financial markets and most economists now expect the central bank to stay on hold through 2026, with only slim chances of a rate cut this year and growing odds that the next move could eventually be a hike.