Bank of Canada holds interest rate at 2.25% for sixth meeting in a row

Bank of Canada governor Tiff Macklem announced the rate decision Wednesday.

The Bank of Canada held its benchmark interest rate at 2.25 per cent Wednesday as widely expected by markets and economists.

This marks the sixth consecutive meeting the central bank has left borrowing costs unchanged. Its last move was in October, 2025 when it cut its rate by 25 basis points.

More to come …