Bank of Canada leaves key interest rate at 2.75 per cent

Hamilton Spectator

4 days ago

The Bank of Canada is leaving its key overnight lending rate at 2.75 per cent.
That's just what a consensus of economists surveyed by Bloomberg expected the bank would do. The rate has been left alone since March 12.
The bank also released its monetary policy report, a quarterly look at the Canadian and global economy.
Economists are widely expecting the Bank of Canada to keep its benchmark interest rate on hold this week — though not all agree with that call. (July 28, 2025)
The bank has left its key rate alone now for four straight meetings, after cutting it seven times in a row from its five per cent peak.
The bank began cutting last June amid concern over a sputtering Canadian economy.
That concern grew amidst a trade war sparked by tariffs levied by U.S. President Donald Trump.
More to come ...