04/29/2026
The Bank of Canada held its policy rate at 2.25% today, keeping the prime rate at 4.45%. π Inflation has risen slightly in recent months, largely due to higher energy prices, but is still expected to return to the 2% target over time.
For mortgage holders, this means continued stability for now. Variable-rate payments remain unchanged, while fixed rates will continue to be influenced more by bond markets and global conditions. With uncertainty tied to global events and trade, this steady environment gives borrowers time to plan carefully.
If you want to understand how this impacts your next move, I am always here to help. π€
Next Bank of Canada announcement: June 10, 2026