Interest Rate Announcement: Bank of Canada Holds Steady for a Third Time
Posted on Jul 30, 2025
Bank of Canada Keeps Policy Rate Unchanged at 2.75%
The Bank of Canada has left its overnight interest rate target at 2.75%. This marks the third consecutive meeting the Bank has kept rates on hold, in part due to ongoing U.S. trade policy negotiations and the threat of new sector-specific tariffs. Despite these challenges, the Bank noted that “In C...