The Bank of Canada (BoC) is set to announce the final interest rate update of the year next Wednesday.

Canada’s central bank lowered the key interest rate by 0.25 points from 2.5 to 2.25 per cent in October.

The interest rate drop came after another drop in September , when the Bank of Canada lowered the lending rate by 0.25 points from 2.75 to 2.5 per cent.

One expert predicts that the crown corporation will “settle into a holding pattern” to close out 2025.

“Its Governing Council clearly indicated they feel the current policy rate level is right to support the economy and temper inflation, while also pointing out that monetary policy can only do so much while businesses adapt to the current trade scenario,” explained Penelope Graham, Ratehub.ca mortgage expert. “Fiscal support wi

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