09/02/2026
🏦 Bank of Canada Holds at 2.25%
No change from the Bank of Canada today, but that doesn’t mean mortgage rates aren’t moving.
With inflation around 3%, continued trade uncertainty with the U.S., and an economy showing some resilience, the Bank is staying on the sidelines for now.
What does it mean for your mortgage?
➡️ Variable rates: Prime remains at 4.45%, so no change today.
➡️ Fixed rates: Bond yields have been trending higher, putting upward pressure on fixed mortgage rates.
The big takeaway: A Bank of Canada hold does NOT mean all mortgage rates are holding.
We’ll continue watching inflation, the trade war, and bond yields to see where rates go next.
📞 When in doubt, call Mortgage Scout!