09/02/2026
The Bank of Canada has once again held its key interest rate at 2.25%.
While Canada’s economy showed some improvement through the spring and underlying inflation remains relatively contained, the Bank is still navigating competing pressures, including higher energy prices, new tariffs and uncertainty around future economic growth.
For borrowers, today’s decision means no immediate change to variable-rate borrowing costs, while fixed mortgage rates will continue to be influenced primarily by the bond market.
The Bank’s message? For now, 2.25% is where they’re comfortable sitting while they watch how inflation and the economy evolve.
Have questions about what today’s announcement means for your mortgage, renewal or upcoming purchase? Let’s chat, call 780 701 3888 or email [email protected]