Bank of Canada

Get the latest updates and analysis on the Bank of Canada’s policies, decisions, and economic impact. Stay informed on interest rates, monetary policy, and financial stability insights.

Trade uncertainty was key reason behind Bank of Canada’s April rate hold

April 30, 2025 No Comments

At its April 16 policy meeting, the Bank of Canada chose to hold its key interest rate at 2.75%, and now we know why: uncertainty. And not just a little.

BoC holds rate at 2.75%, outlines two paths for economy as trade tensions cloud outlook

April 16, 2025 No Comments

The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two diverging scenarios for the economy, reflecting the unprecedented uncertainty triggered by U.S. tariffs.

BoC expected to pause this week, but more rate cuts still likely

April 14, 2025 No Comments

With markets nearly split—pricing in a 40% chance of a rate cut and a 60% chance of a hold—the Bank of Canada’s upcoming rate decision on Wednesday is still very much up in the air.

Job losses, tariff fears push BoC rate cut odds to near 50%

April 6, 2025 No Comments

March’s surprise job losses—the first in three years—signal early signs of trade war impacts on the Canadian economy, raising the odds of an April rate cut to 50%.

Bank of Canada’s urge to cut rates fades amid tariff uncertainty

March 26, 2025 No Comments

The Bank of Canada appears increasingly reluctant to cut rates further, with minutes from its March 12 meeting showing that its most recent move was driven largely by rising uncertainty over a potential trade war with the U.S.

Economists react to Bank of Canada rate cut

Economists react to the Bank of Canada’s 25-bps rate cut: What’s next for rates?

March 12, 2025 No Comments

The Bank of Canada cut its overnight rate by 25 basis points to 2.75%, its seventh straight cut. While expected, the move comes as the Bank tries to navigate economic uncertainty and the fallout from U.S. trade tensions.

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

Bank of Canada warns of economic fallout if U.S. trade war escalates

February 21, 2025 2 Comments

Bank of Canada Governor Tiff Macklem warned that Canada faces a significant economic hit if the U.S. proceeds with broad-based tariffs on Canadian exports, a move that would stifle growth, weaken the loonie and add upward pressure to inflation.

Bank of Canada interest rate forecasts 2

Bank of Canada’s March rate cut odds drop to 30% after latest inflation data

February 18, 2025 No Comments

Canada’s inflation report for January has led to a sharp decline in the chances of the Bank of Canada cutting rates in March.

Bank of Canada warns of permanent GDP hit if trade war with U.S. drags on

February 12, 2025 No Comments

Members of the Bank of Canada’s Governing Council expressed concerned that prolonged trade tensions with the U.S. could permanently reduce Canada’s GDP, according to the minutes from its January 29 policy meeting.

Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub

January 29, 2025 No Comments

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.

↑