Bank of Canada Expected to Keep Key Rate Steady This Week — and Maybe All Year Long
The Bank of Canada remains cautious amid fragile growth, elevated unemployment, and trade uncertainty, with financial markets pricing in an 89% chance of no rate change this week.
- Economists expect the Bank of Canada to keep its benchmark interest rate steady at 2.25 per cent for the foreseeable future, possibly all year long.
- The Bank of Canada held its policy rate steady at 2.25 percent in December, following two quarter-point cuts in 2025.
- CIBC forecasts that there will be no changes in interest rates in 2026, indicating stability in financial conditions.
- Shenfeld noted that serious shocks, such as a sudden stock market downturn, could disrupt the Bank of Canada's rate hold this year.
19 Articles
19 Articles
Bank of Canada Expected to Keep Key Rate Steady This Week—and Maybe All Year Long
Many economists expect no change in the Bank of Canada’s benchmark interest rate later this week—and, possibly, for the rest of the year. The central bank will make its first interest rate decision of 2026 on Wednesday. Financial market odds for a rate hold this week stood at nearly 89 percent as of Friday, according to LSEG Data & Analytics. The Bank of Canada held its policy rate steady at 2.25 percent in December, coming off two consecutive q…
On Wednesday, the central bank will issue its first decision on interest rates for 2026.
Bank of Canada expected to keep key rate steady this week — and maybe all year long
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