06/23/2026
ICYMI: BoC Holds: Why a Technical Recession Isn’t Enough to Trigger a Rate Cut: Marking a continued period of stability, the Bank of Canada held its policy rate steady at 2.25% in its June announcement. By opting for another hold, the Bank is exercising strategic caution, balancing newly confirmed data on a technical recession against the threat of energy-driven inflation stemming from the war in Iran. What the Rate […]
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Canada is in a technical recession, yet the BoC held rates steady. Here's what the June rate hold means for your mortgage options.