2:46 PM · 16 April 2025

BREAKING: Bank of Canada holds rates unchanged. USDCAD drops after the decision

Bank of Canada maintained interest rates at 2.75% level, in line with expectations.

Bank of Canada Rate Decision - Key Points

Rate held steady at 2.75% as BoC monitors US tariff impacts
Trade uncertainty is the primary concern, creating unpredictable economic outlook
BoC outlines two scenarios:
1. Limited tariffs: temporary growth weakness, inflation near 2%
2. Trade war: possible Canadian recession, inflation exceeding 3%
Inflation currently at 2.3% (March), expected to decrease with carbon tax removal
Economic slowdown evident with weakening consumption and business spending
BoC will "proceed carefully" while supporting growth and controlling inflation

USDCAD dropped after BoC decision.

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21 July 2026, 10:33 AM

Silver breaks above $59 and attracts capital again. Gold remains in the shadow of its younger sibling

21 July 2026, 8:11 AM

Economic calendar: Strong reading from the UK labour market, German ZEW in focus

Forex Economic reports

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