Bank of America expects the Bank of Canada to hold its policy rate at 2.25% through 2027, widening the US rate gap and pressuring the Canadian dollar lower.

Bank of America expects the Bank of Canada to hold its policy rate at 2.25% through 2027, widening the US rate gap and pressuring the Canadian dollar lower.

Bank of Canada is likely to keep rates on hold through most of 2027 and allow the Canadian dollar to weaken further. Find out more here