Bank of Canada Maintains Policy Rate - No Rate Increases Today!

The Bank of Canada has just announced its second interest rate decision of 2023. The central bank will not increase their overnight rate at this time. This is the first interest rate pause of the previous 9 meetings.  It's important to note, however, that the bank will continue to monitor inflation and will not be afraid to increase rates yet again.

The economy has stalled to 0% growth which has been the intended consequence.  The hope is that we continue to see this trend for the next three quarters while gaining control on inflation once again by 2024.

For more details in the official press release, please click here.


The next announcement will take place April 12th and we will of course provide you with an update at that time.