04/17/2025
On April 16, 2025, the Bank of Canada announced that it would maintain its key overnight policy rate at 2.75%. This decision follows a series of rate cuts over the past year, bringing the rate down from 5% in July 2023 to its current level. The Bank cited increased uncertainty stemming from significant shifts in U.S. trade policy, particularly the imposition of new tariffs, as a primary factor influencing this cautious approach.