Bank of Canada Holds Interest Rate Amid Global Tensions

The Bank of Canada announced on September 2, 2026, that it is holding its key interest rate at 2.25 per cent for the seventh consecutive time. This decision comes amid ongoing global tensions in the Middle East and the trade war between nations.

The bank's move aims to maintain a stable economic environment despite these external pressures. The key interest rate remains unchanged, providing borrowers with some relief from rising costs.