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The Bank of Canada is holding its benchmark interest rate steady to begin the year, keeping that trendsetting rate unchanged as it weighs up the economic outlook for 2026.

Hiring remained soft and unemployment ticked higher, but the central bank still isn't expected to cut soon

The Bank of Canada appears to have reached the end of its cutting cycle as 2025 drew to a close, a shift that carries clear implications for mortgage borrowers heading into ... More

Bank of Canada officials agreed on holding the overnight rate at 2.25% earlier this month, but are unsure whether their next policy shift will be to lower rates again or to ... More

Stronger-than-expected GDP data supports a December rate hold from the Bank of Canada, but economists warn underlying weakness remains.

Lower rates ease payments, but buyers and lenders stay cautious

After a year of expected rate cuts, forecasters are starting to question how long Canada’s easing cycle will last—and whether rates might start rising again in ... More

The Royal Bank of Canada (RBC) has projected that the Bank of Canada (BoC) will deliver another 25 basis point rate cut in October, following its September move to restart the ... More

Fresh signs from inflation and trade could soon alter the path for interest rates in Canada

Variable rates are set to remain unchanged, while fixed-rate borrowing costs aren't likely to fall anytime soon

The central bank faced a tough call amid rising inflation and continuing trade chaos

Economists weigh in on whether a summer rate cut could be on the table after latest inflation figures

New report challenges expectations for further rate reductions

The Bank of Canada’s interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States.

The Bank of Canada is now likely to cut interest rates at each of its next four announcements as the Canadian economy reels from the impact of Donald Trump’s tariffs, ... More

Trudeau says Trump is using the tariffs to destroy the Canadian economy and annex Canada as political leaders and economists weigh in on the growing crisis. As a result, the ... More

Loonie plummets, stocks fall, but maybe some relief for mortgage borrowers

Tariffs are off the table for now – but both fixed and variable rates could still tumble