US EditionBank of Canada Holds Policy Rate
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Bank of Canada holds policy rate
In an announcement on Wednesday, the Bank of Canada maintained its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent. The bank states that while trade negotiations remain fluid, the global economy has been reasonably resilient. Inflation in the United States increased last month, and Canada’s exchange rate has appreciated against a weaker US dollar. The Canadian economy has shown …
Credits: CBC The Bank of Canada maintained its interest rate at 2.75%, citing the resilience of the economy despite the current global trade war caused by the United States. Governor Tiff Macklem stated in prepared statements that the decision of the Governing Council resulted in “a clear consensus”. In a context of considerable trade uncertainty, the Canadian economy has not yet presented an emphasised deterioration in the rates imposed by the …
BoC and U.S. Fed rate decision: More easing ahead?
The Bank of Canada (BoC) kept its policy rate unchanged at 2.75% The U.S. Federal Reserve also held its rate steady at 4.25%–4.50% in a 9–2 vote following a two-day policy meeting Brianne Gardner: “Dividend-paying sectors like utilities, telecom, and real estate stand to benefit most from easing rates—a trend reflected in the Canadian market’s relative outperformance so far in 2025.” “We’re not out of the woods yet,” Gardner said. “But there’s …
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