09/03/2026
BANK OF CANADA HOLDS RATES STEADY 🏦
The Bank of Canada held its overnight lending rate at 2.25% today, which means Prime remains at 4.45%.
Canada's economy showed stronger growth in the second quarter, including a rebound in housing activity, while unemployment edged down to 6.4%.
At the same time, higher energy prices and new tariffs are creating additional uncertainty around inflation.
For now, rates remain unchanged.
If you're thinking about buying a home, have a mortgage renewal coming up, or simply have questions about what today's announcement could mean for you, I'd be happy to connect you with a mortgage professional who can help.
Rajni Nandha
Royal LePage Network Realty
587-731-0990