Interest Rate Announcement: Bank of Canada Holds Steady for a Third Time
Tuesday Aug 5th, 2025
ShareBank 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 Canada, U.S. tariffs are disrupting trade, but overall, the economy is showing some resilience so far. After robust growth in the first... [read more]
