03/18/2026
🏠KEEPING YOU HOME-INFORMED!🏠
💵🚨BANK OF CANADA UPDATE🚨💵
👉 Bank of Canada held its principal interest rate at 2.25% Wednesday, but warned rising oil and natural prices caused by the war in Iran will push up inflation in the short term.
👉In its latest monetary policy decision, Canada’s top bankers painted a picture of a weaker-than-expected economy that is facing new levels of uncertainty because of the war.
👉“Canada’s economy is dealing with a lot. And now, we face more volatility,” Bank of Canada Governor Tiff Macklem said in his opening remarks at Wednesday’s rate announcement.
👉How big the war’s impact will be, the bank says, depends on how high oil prices go and how long the conflict lasts.
👉“Inflation in Canada has been close to the two per cent target for more than a year,” Macklem said. “But, as we’ve seen, the war in Iran is causing oil prices to move sharply higher and this will push up inflation in the short term.”
👉“Economic weakness combined with rising inflation is a dilemma for central banks,” Macklem said. “Raising interest rates to slow inflation could furth
source: ctv
🗓️Current:
March 18th, 2026 ➡️ 2.25% (no change)
🗓️Upcoming Announcements (2026):
April 29th, 2026 ➡️ TBD
June 10th, 2026 ➡️ TBD
July 15th, 2026 ➡️ TBD
September 2nd, 2026 ➡️ TBD
October 28th, 2026 ➡️ TBD
December 9th, 2026 ➡️ TBD
🗓️Historical Announcements (Last 10):
January 28th, 2026 ➡️ 2.25% (no change)
December 10th, 2025 ➡️ 2.25% (no change)
October 29th, 2025 ➡️ 2.25% (-0.25)
September 17th, 2025 ➡️ 2.50% (-0.50)
July 30th, 2025 ➡️ 2.75% (no change)
June 4th, 2025 ➡️ 2.75% (no change)
April 16th, 2025 ➡️ 2.75% (no change)
March 12th, 2025 ➡️ 2.75% (-0.25)
January 29th, 2025 ➡️ 3.00% (-0.25)
December 11th, 2024 ➡️ 3.25% (-0.50)
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