Globe staff Mark Rendell Economics Reporter Published 16 minutes ago

Governor of the Bank of Canada Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Oct. 29.

12/10/25 07:00

Bank of Canada expected to hold key rate steady at 2.25%

- Mark Rendell

The Bank of Canada is widely expected to hold its policy interest rate steady at 2.25 per cent today.

The Bank of Canada is widely expected to hold its policy interest rate steady at 2.25 per cent today, moving back to the sidelines for what financial markets expect to be an extended pause.

After cutting its benchmark rate by a quarter–percentage-point in October , Governor Tiff Macklem said that would likely be the bank’s last cut in an easing cycle that has seen it lower interest rates nine times since the

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