09/02/2026
📢 Bank of Canada Rate Update
The Bank of Canada is holding its overnight rate at 2.25%.
What’s behind the decision?
🍁 Canada’s economy is showing signs of recovery, with stronger growth and a modest rebound in housing activity.
📈 Inflation remains around 3%, largely due to higher gas prices, while core inflation remains closer to 2%.
🌎 Ongoing global uncertainty, higher energy prices and new tariffs are making the economic outlook harder to predict.
For buyers and homeowners, the takeaway: rates are holding steady for now, giving some stability as we head into the fall market. 🏡
Wondering what today’s rate decision means for your real estate plans? Let’s chat.
John Protacio, REALTOR®
📞 (647) 309-SOLD (7653)
🌐 www.johnprotacio.com