Economists anticipate the Bank of Canada will hold key interest rate steady, awaiting clearer data amid a technical recession and trade uncertainties with the United States.
The Bank of Canada is widely expected to keep its key interest rate unchanged on Wednesday — but this week’s announcement might offer some insight into where interest rates are heading.
While financial markets are pricing in a rate hike by the end of the year, many economists expect the bank to stand pat until 2027. Observers will be monitoring governor Tiff Macklem’s tone closely for clues as he communicates the decision.
Bank of Canada holds rates at 2.25% as Governor Macklem downplays recession fears
Bank of Canada holds key interest rate at 2.25%, flags US trade uncertainty and Iran war risks
Bank of Canada likely to hold on weaker-than-expected growth, economists say
Bank of Canada holds interest rate steady at 2.25% as bonds rally on economic weakness
Bank of Canada 'in no rush' to hike interest rates, but leaves itself 'wiggle room,' say economists
Bank of Canada keeps key interest rate at 2.25% | CBC News
Bank of Canada holds rates at 2.25%, sees limited inflation spillover from energy prices
Bank of Canada holds interest rate as economic weakness amid rising inflation poses 'dilemma'
Posthaste: Why economists say we should 'fade' market bets on the Bank of Canada
USA & Canada Intelligence Brief — Monday, June 8, 2026
