The Bank of Canada held its overnight rate at 2.25% for a sixth straight meeting and cut its 2026 GDP growth forecast to 0.7% from 1.2%.

Economists say the Bank of Canada will likely hold interest rates at 2.25% on July 15 amid elevated uncertainty. Find out more.

Economists are predicting that the Bank of Canada will old its key rate steady this Wednesday as the economy shows mixed signals of structural change.