04/29/2026
BREAKING: Bank of Canada Holds Rate at 2.25% 🏦
The results are in! For the fourth consecutive time, the Bank of Canada has held the overnight lending rate steady at 2.25%.
What today’s announcement means for our clients:
Steady Waters: Variable-rate holders will see no change in their monthly payments today.
The "Gas" Factor: The Bank noted that while inflation is expected to spike to 3.0% this month due to rising energy costs, they are "looking through" this temporary jump to maintain economic stability.
Global Watch: Tensions in the Middle East and U.S. trade tariffs remain the primary reasons the Bank is staying "nimble" and cautious.
The Strategy:
Stability in the policy rate often brings a busy spring market. If you’ve been waiting for a "sign" to move, this consistency might be it.
🗓️ Next Announcement: June 10, 2026
📈 Current Rate: 2.25%
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Questions about how this hold impacts your specific mortgage? We’re here to help. Send us a DM or call the office today! 📞
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