Business

Good morning, Please find a summary of the Bank of Canada’s today’s interest rate decision and its current economic outlook. Rate Cut: The Bank of Canada decided to hold steady, keeping its target for the overnight rate at 2.25% rather than issuing a cut. This pause leaves the Bank Rate at 2.5% and the deposit rate at 2.20%. Economic Outlook: Canada’s GDP unexpectedly edged down by...

The Bank of Canada has maintained its overnight rate at 2.25% this morning, marking the fourth consecutive rate hold since October 2025. For those waiting for a rate cut before making a move, this may be a good time to reassess that strategy, as further cuts do not appear likely in the near term. The Bank is currently balancing two competing economic forces. On one hand, the Canadian economy...

Carney expects Canada to avoid recession Carney said the best way to respond to the "enormous shock" in the global economy created by the conflict is by tackling affordability issues at home, building more homes and accelerating the approval of large nation-building projects. "Its absolutely clear and has been reinforced again by events in the Middle East: we have to make our economy stronger and...

While many were watching for a potential move, the Bank’s decision to hold reflects a "wait-and-see" approach amidst a complex global landscape. Here are the three key takeaways from today’s announcement: Steady Inflation: Annual inflation for February landed at 1.8%, which is slightly lower than anticipated and sits comfortably within the Bank’s target...

The Bank of Canada lowered interest rates to 2.25 per cent on Wednesday, but cautioned that monetary policy can't fix the structural economic damage caused by the U.S. trade war. The central bank said it made the 25-basis-point cut as weakness ripples through the Canadian economy and with inflation expected to stay close to the bank's two per cent target. "For many months, we have been stressing that...