Bank of Canada holds its policy rate at 2.25% as Governor Tiff Macklem downplays recession fears despite a 1.6% GDP contraction in Q2 2026.

Economists expect the Bank of Canada to hold its benchmark interest rate steady for the fifth straight time when it meets Wednesday, but its messaging could shed light on how

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.