Bank of Canada expected to keep benchmark rate at 2.25% amid Iran war oil price spike

Bank of Canada to hold key interest rate at 2.25% amid oil price boom

Inflation has risen to 2.4%. The post Bank of Canada to hold key interest rate at 2.25% amid oil price boom appeared first on Victoria Buzz.

Bank of Canada keeps benchmark rate at 2.25% amid Iran war oil price spike

UPDATE 6:59 a.m. The Bank of Canada held its benchmark interest rate steady at 2.25 per cent for a fourth consecutive time today as it waits for more clarity on the war in Iran and the future of U.S. tariffs.

Bank of Canada expected to keep benchmark rate at 2.25% amid Iran war oil price spike

OTTAWA - The Bank of Canada is widely expected to keep its benchmark interest rate unchanged at 2.25 per cent when it announces its latest decision later this morning.

Bank of Canada Edges Up Growth Outlook Amid Tariff Stability and Oil Price Hopes

OTTAWA—The Bank of Canada nudged its economic growth projections higher for 2026 and 2027 on Wednesday, banking on steady U.S. tariffs and oil prices easing to $75 a barrel by mid-2027. Growth now stands at 1.2% for 2026, up from January’s 1.1%, and 1.6% for 2027, a tick above the prior 1.5%. Reuters flagged this subtle shift in the central bank’s quarterly monetary policy outlook, released alongside a decision to hold the benchmark rate at 2.25…

Bank of Canada Holds Rate at 2.25% as Iran War Fuels Inflation and Energy Crisis

The Bank of Canada kept its benchmark interest rate steady at 2.25% on Wednesday, marking the fourth consecutive hold since a 0.25% cut in October 2025, as the ongoing war in Iran, now in its third month, drives energy price spikes and global economic uncertainty. Governor Tiff Macklem acknowledged the challenging landscape, pointing to geopolitical tensions and volatile financial conditions shaped by daily developments in the Middle East. “Cana…

Bank of Canada prepares to hold rates as inflation risks linger

The Bank of Canada is expected to keep policy steady on Wednesday, even as parts of the economic outlook look firmer than they did at the start of the year. Macquarie’s base case is for the Overnight rate to remain at 2.25%, with the central bank likely to preserve deliberately vague guidance while uncertainty remains elevated. That stance reflects a delicate balance. Growth appears to be improving, and the labour market is showing early signs o…