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Bank of Canada

CAD · Official Website

Latest Statement

⚖️ Neutral

Bank of Canada maintains policy rate at 2¼% - Bank of Canada

2026-04-29

The Bank of Canada has decided to maintain its policy rate at 2¼% amid ongoing global uncertainties, particularly due to the conflict in the Middle East and its impact on energy prices and inflation. The economic outlook remains stable, with projected GDP growth and inflation adjustments reflecting the current economic conditions.

The global economy is expected to grow by about 3% in the coming years, despite rising energy prices due to the Iran conflict.
Canada's GDP growth is projected at 1.2% for 2026, with gradual increases in subsequent years as exports and business investment recover.
CPI inflation rose to 2.4% in March, primarily driven by higher gasoline prices, while core inflation remains steady just above 2%.

⚡ Rate

↑0 ↓0 →1

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"Against this backdrop and taking into account the current projection, Governing Council decided to maintain the policy rate at 2.25%."

Bank Profile

Mandate

Price stability (1-3% CPI, 2% midpoint)

Decision Types

Overnight rate target, Quantitative easing, Forward guidance

Policy Instruments

Target overnight rate, Bank Rate, Settlement balances rate, Bond purchases

Target Indicators

CPI inflation (2%), Core inflation measures (CPI-trim, CPI-median), Output gap

Communication Style

Clear forward guidance, Monetary Policy Report with projections, deliberative approach

Committee

Governing Council - 6 members (Governor, Senior Deputy Governor, 4 Deputy Governors)

Economic Indicators

Policy Rate	2.25%
USD/CAD	1.3909
GDP Growth	1.0%
M2 Growth	8.2%
10Y Yield	3.47%
2y10y Spread	+0.63%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for Canada

Commodity	Price	1D	30D
WTI Crude Oil	112.25 USD/barrel	+3.0%	-1.5%
Natural Gas (Henry Hub)	3.07 USD/MMBtu	+6.2%	+1.0%

Recent Statements

Bank of Canada maintains policy rate at 2¼% - Bank of Canada ⚖️ Neutral

2026-03-18

⚡ Rate

↑0 ↓0 →1

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"Against this overall backdrop, Governing Council decided to maintain the policy rate at 2.25%."

Bank of Canada maintains policy rate at 2¼% - Bank of Canada ⚖️ Neutral

2026-01-28

Bank of Canada maintains policy rate at 2¼% - Bank of Canada ⚖️ Neutral

2025-12-10

Bank of Canada lowers policy rate to 2¼% - Bank of Canada 🕊️ Dovish

2025-10-29

⚡ Rate

↑0 ↓1 →0

📝 Classified Sentences

⚡ Rate Cutmp_interest_rate

"With ongoing weakness in the economy and inflation expected to remain close to the 2% target, Governing Council decided to cut the policy rate by 25 basis points."

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