Bank of Canada Holds Overnight Rate Steady

Today, the Bank of Canada held the policy rate steady at 2.25%. This means that the interest rate on you variable rate mortgage or line of credit is to stay the same for now.

The Bank of Canada meets eight times per year and makes announcements about rates. Now more than ever, these dates matter. Here are the dates listed below for 2026:

• Wednesday, January 28
• Wednesday, March 18
• Wednesday, April 29
• Wednesday, June 10
• Wednesday, July 15
• Wednesday, September 2
• Wednesday, October 28
• Wednesday, December 9

The Bank of Canada reduces interest rates when they want to stimulate economic activity Or they increase it when they want to calm the economy from growing too fast.