Bank of Canada holds key interest rate steady at 2.75% for third consecutive time

The Bank of Canada held its policy interest rate at 2.75 per cent for the third consecutive time as U.S. trade policy continues to muddy the economic outlook.

The bank once again held off publishing a central forecast in its quarterly Monetary Policy Report. Instead, it detailed three potential paths for the Canadian economy that depend on the trajectory of U.S. tariffs, ranging from a mild downturn to an extended recession.

Key moments:

• BoC’s policy interest rate remains on pause for the third consecutive time
• Markets react to today’s BoC decision and probabilities of further rate cuts this year
• Why the BoC hold won’t do much for Canada’s real estate market