01/28/2026
The Bank of Canada kept rates steady, holding the overnight rate at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%, a sign of stability while the economy works through slower growth and easing inflation.Inflation is moving closer to target, but global trade risks, geopolitical uncertainty, and a softer labour market are why the Bank is staying cautious. A hold doesn’t mean we’re in the clear, it means they’re watching closely.For borrowers, this creates a planning window. A moment to review your mortgage strategy before the next move happens.Buying, renewing, or refinancing? DM me, I’ll help you plan based on where things are headed, not just where rates sit today.