07/15/2026
Bank of Canada holds interest rate at 2.25%.
No change this time around. The Bank says Canada’s economy continues to show signs of improving, with stronger growth, steady consumer spending, and exports picking up.
Inflation has moved back above 3%, largely because of higher gas prices, but the Bank expects that to ease and says it’s ready to act if needed.
If you’re thinking about buying, selling, or renewing a mortgage, it’s worth keeping an eye on where things are headed.
Wondering what this could mean for your own situation? Feel free to reach out anytime.