Bank of Canada expected to hold rates steady through 2026
Economists expect the Bank of Canada to keep rates at 2.25% through 2026. Despite oil price spikes, a soft economy and weak housing market discourage hikes.
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The Bank of Canada is projected to keep its overnight interest rate steady at 2.25% through the end of the year, according to a recent Reuters poll of economists. Despite the inflationary pressures introduced by the ongoing conflict in the Middle East, policymakers are expected to maintain a cautious stance to avoid further straining a sluggish domestic economy.
