Bank of Canada widely expected to hold interest rates at 2.25 percent amid trade policy uncertainty

The Bank of Canada is set to maintain its policy rate at 2.25 percent this week. Experts anticipate steady rates through 2026 despite trade policy concerns.

Insights:
The Bank of Canada CACA is scheduled to announce its monetary policy decision on January 29, 2026, at 9:45 a.m. ET (1345 GMT), with market participants and economists widely expecting a rate hold at 2.25 percent. This decision arrives alongside the release of the quarterly Monetary Policy Report, marking a period where the central bank will resume sharing single-point forecasts for the national economy and inflation. Investors monitoring the S&P/TSX Composite Index are watching for signals regarding the future path of borrowing costs as the institution navigates a complex economic landscape.
A view of the Bank of Canada building in Ottawa, Ontario, Canada on May 8, 2025. REUTERS/Blair Gable
A view of the Bank of Canada building in Ottawa, Ontario, Canada on May 8, 2025. REUTERS/Blair Gable
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