09/02/2026
The Bank of Canada has held interest rates steady in its latest decision, leaving its benchmark rate unchanged as its wait-and-see approach on the economic outlook continues.
While speculation is continuing about a possible inflation uptick in the months ahead due to rising oil prices, today’s decision will come as no surprise to financial markets or mortgage market watchers.
They didn’t rule out a move by the Bank to bring rates lower before the end of 2026 if the inflation outlook improves.
For buyers, that means there’s no rush based on [the] decision. If rates come down later this year, buyers could actually see some relief in borrowing costs, so it’s worth keeping an eye on where inflation and the economy go from here.
