04/29/2026
Bank of Canada Holds Rates Steady π¨π¦
The Bank of Canada held its policy rate at 2.25% today, citing ongoing uncertainty, higher energy prices, and inflation pressures that are expected to be temporary.
Key takeaways:
β’ Inflation may rise near term before easing
β’ Economic growth is expected to remain modest
β’ The Bank continues to take a cautious approach
β’ Future rate moves, if needed, may be gradual
https://www.bankofcanada.ca/2026/04/fad-press-release-2026-04-29/