The Bank of Canada has officially increased its key interest rate by 0.25 percentage points, bringing it to 2.50%. This marks the central bank's first rate hike since 2023. The
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The Bank of Canada has once again decided to keep its policy interest rate unchanged at 2.25%, marking its seventh consecutive rate hold. The decision was widely expected, as the
Canada’s annual inflation rate increased to 3.0% in July, up from 2.8% in June, as higher gasoline and travel costs put renewed pressure on consumer prices. The increase came in
Inflation eases to 2.8% as gas prices cool ⛽📉 Canada's annual inflation rate slowed to 2.8% in June, down from 3.2% in May, according to Statistics Canada. The biggest reason?
The Bank of Canada announced today that it is keeping its key interest rate unchanged at 2.25%. This marks the sixth consecutive rate hold, a move that was widely expected
On June 10, 2026, the Bank of Canada announced that it is keeping its key interest rate unchanged at 2.25%. The decision reflects a mix of economic uncertainty, rising global
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🏦 Interest Rates Rises for the First Time Since 2023
The Bank of Canada has officially increased its key interest rate by 0.25 percentage points, bringing it to 2.50%. This marks the central bank’s first rate hike since 2023. The decision comes as inflation continues to remain higher than expected, raising concerns about how long Canadians will face increased living costs. Here’s a breakdown of what happened, why the Bank of Canada made this decision, and what it could mean for your mortgage. 📈 Why Did the Bank of Canada
🏦 Bank of Canada Holds at 2.25% for Seventh Straight Decision
The Bank of Canada has once again decided to keep its policy interest rate unchanged at 2.25%, marking its seventh consecutive rate hold. The decision was widely expected, as the Bank continues to balance signs of an improving Canadian economy against growing risks from inflation, higher energy prices, and renewed trade tensions with the United States. 🏦 Why Did the Bank of Canada Hold Rates? According to Bank of Canada Governor Tiff Macklem, the Canadian economy has been developing largely
Canada’s Inflation Rate Rises to 3% in July
Canada’s annual inflation rate increased to 3.0% in July, up from 2.8% in June, as higher gasoline and travel costs put renewed pressure on consumer prices. The increase came in slightly above economists’ expectations of approximately 2.9%. ⛽ Gas Prices Push Inflation Higher One of the biggest contributors to July’s increase was gasoline. Gas prices were 25.7% higher compared to July last year, accelerating from a 20.5% year-over-year increase in June. Statistics Canada pointed to renewed conflict in the Middle
Canada’s Inflation Slows to 2.8% in June
Inflation eases to 2.8% as gas prices cool ⛽📉 Canada’s annual inflation rate slowed to 2.8% in June, down from 3.2% in May, according to Statistics Canada. The biggest reason? Lower gasoline prices helped bring overall inflation back down after a temporary spike the month before. ⛽ Gas prices were the biggest reason inflation slowed After rising sharply in May due to tensions in the Middle East, gas prices dropped in June as geopolitical tensions eased and oil prices fell.
🏦 Bank of Canada Holds Interest Rate at 2.25%
The Bank of Canada announced today that it is keeping its key interest rate unchanged at 2.25%. This marks the sixth consecutive rate hold, a move that was widely expected by economists. 📌 📈 Canada’s Economy Is Showing Signs of Improvement The Bank says the Canadian economy is beginning to strengthen after a slower start to the year. Some encouraging signs include: Overall, the Bank believes the economy is moving in the right direction. However, there are still risks that
🏦 Bank of Canada Kept Interest Rate at 2.25%
On June 10, 2026, the Bank of Canada announced that it is keeping its key interest rate unchanged at 2.25%. The decision reflects a mix of economic uncertainty, rising global tensions, and inflation concerns that continue to affect both Canada and the global economy. 🌍 Global Events Are Creating Economic Uncertainty The ongoing conflict in the Middle East has now entered its fourth month, causing: At the same time, uncertainty surrounding potential new U.S. tariffs and trade policies continues to
Canada Inflation Rises to 2.4% as Gas Prices Surge
Canada’s inflation rate rose to 2.4% in March, up from 1.8% in February, according to Statistics Canada. 👉 The main reason? A sharp spike in gas prices. ⛽ Gas Prices Led the Surge Fuel costs were the biggest driver behind the increase. Gas prices jumped 21.2% in just one month. This marks the largest monthly increase ever recorded. Overall energy prices rose 3.9% compared to last year. 🌍 What’s causing this?The ongoing conflict involving Iran has disrupted global oil supply,
Bank of Canada Holds Rates at 2.25% as Iran War Raises New Inflation Concerns
The Bank of Canada decided to hold its key interest rate at 2.25% for now. ➡️ Even though inflation has been easing, new global risks are making the outlook less certain. 🌍 What’s Driving Concern: Iran War The conflict involving Iran is creating new economic pressure. 💥 Why it matters: Governor Tiff Macklem emphasized that this added volatility is making things more unpredictable. 📊 Economic Snapshot Recent data from Statistics Canada shows inflation dropped to 1.8% in February (down from
Canada’s Inflation Slows to 2.3% in January
Lower gas prices helped cool the headline number In January, Canada’s annual inflation rate dipped to 2.3%, slightly lower than December’s 2.4%, according to Statistics Canada. Most economists had expected inflation to hold steady, so this small drop came as a mild surprise. ⛽ Gas Prices Did the Heavy Lifting The biggest reason for the slowdown? Cheaper gasoline. Gas prices were 16.7% lower compared to January last year, which pulled the overall inflation rate down. If you remove gasoline from
📊 Canada’s Inflation Rises in December, but Underlying Pressures Ease
Canada’s inflation rate moved higher in December, coming in above expectations. However, beneath the headline number, price pressures continued to cool in key areas that matter most to the Bank of Canada. 🔢 Headline Inflation Comes in Hotter Than Expected Statistics Canada reported that annual inflation rose to 2.4% in December, up from 2.2% in November. Economists had largely expected inflation to hold steady, so the increase surprised markets slightly. One key reason for the jump was the GST/HST holiday,
A Winter Pause: Why the Bank of Canada Kept Rates at 2.25% ❄️
What today’s decision means — and why markets saw it coming 📌 Overview: A Predictable Pause The Bank of Canada (BoC) kept its key interest rate unchanged at 2.25%, a move almost entirely priced in by markets. Analysts had assigned over a 93% chance of a hold heading into today’s announcement — and the Bank delivered exactly that. This marks a pause after two consecutive rate cuts earlier in the year. 🧭 Why the BoC Hit Pause The Bank reiterated
🤝 Confidently Start Your Journey to Homeownership
Canada’s housing market is becoming more inviting with lower rates, growing inventory, and friendlier prices, giving first-time buyers extra time to prepare with confidence. 📊 What the Survey Shows Royal LePage’s latest poll (conducted by Burson) found that 13% of Canadian adults are actively working toward buying a home within the next two years. 🤔 Why the Wait? Phil Soper, Royal LePage’s president and CEO, says buyers want certainty before making the leap. Interest rates are trending lower and prices
