06/10/2026
The Bank of Canada's announcement today, June 10/26, marks its fifth consecutive key interest rate hold. This move, or lack thereof, was widely expected by economists.
During the news conference BoC governor Tiff Macklem stated that the longer oil prices remain high, it's more likely those costs are passed into the general economy, which would require the bank to respond with a change in rates. For now holding the policy rate balances the risks of raises causing further economic slowing, or decreases worsening inflation.
The need to buy or sell a home or property isn't always influenced by headlines or rates however. A change in jobs, growing family, or desire to downsize happens regardless. I'm here to guide you through these transitions in any market.