The Bank of Canada kept its benchmark interest rate at 2.25 per cent for the sixth consecutive time amid oil price volatility and improving domestic data. The bank said it expects inflation to decline in the coming months, and economic activity to pick up. But it said the path forward will depend to a significant degree on the war in the Middle East and the U.S. trade policy.
Governor Tiff Macklem and senior deputy governor Carolyn Rogers will hold a press conference at 10:45 a.m. ET. The event is being held virtually, owing to a strike by security personnel at the bank, and will start 15 minutes later than usual.
Key moments:
- Will the bank raise interest rates in 2026?
- The implications for the Canadian dollar
- BoC’s security guards are on strike, complicating logistics
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