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Bank of Canada

CAD · Official Website

Latest Statement

⚖️ Neutral

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

2026-06-10

The Bank of Canada has decided to maintain the policy interest rate at 2.25% amid ongoing global uncertainties, including the conflict in the Middle East and its impact on energy prices and inflation. While Canadian economic activity has been weak, the Bank is committed to monitoring inflation and is prepared to adjust its policy as necessary to maintain price stability.

Canadian GDP decreased by 0.1% in Q1, with consumer spending growth offset by declines in government spending and business investment.
CPI inflation rose to 2.8% in April, driven by higher energy prices, but core inflation measures have stabilized around 2%.
The Bank is cautious about the potential for persistent inflation due to elevated energy prices and ongoing geopolitical tensions.

⚡ 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 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	3.52%
2y10y Spread	+0.72%

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	69.60 USD/barrel	-0.2%	-31.6%
Natural Gas (Henry Hub)	3.29 USD/MMBtu	-1.5%	+3.5%

Recent Statements

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

2026-04-29

⚡ 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 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

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