Bank of Canada Interest Rate Decision Looms on September 2
The Bank of Canada will make an important decision on interest rates on September 2. This announcement comes as the country is still feeling the effects of economic uncertainties, including the US tariff action and supply chain disruptions.
The current rate has been steady at 2.25% since October 29, 2025, with the Bank citing a need to hold steady amidst these uncertainties. Canada's inflation rate remains within its target range of 2-3%.
Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers will have to weigh various factors before making their decision, which could be another tough call for them. A steady interest rate would indicate that the Canadian economy is stable or at least weathering the economic trade war storm.