Bank of Canada maintains the policy rate at 2¼%
EN · English
The Bank of Canada held its policy rate at 2.25%. It says Canadian growth remains weak while energy prices, the conflict in the Middle East and continuing United States trade uncertainty create inflation risks.
FR · Français
La Banque du Canada maintient son taux directeur à 2,25 %. La croissance canadienne demeure faible, tandis que les prix de l'énergie, le conflit au Moyen-Orient et l'incertitude commerciale américaine alimentent les risques inflationnistes.
Why it matters
The decision influences mortgages, credit, business borrowing and household budgets. The Bank expects inflation to remain near 3% temporarily before moving toward its 2% target. Common-sense angle: holding the rate reflects a difficult balance between supporting a weak economy and preventing temporarily higher prices from becoming persistent inflation.
Official context
- Official English versionBank of Canada — Rate decision, June 10, 2026 (EN)
- Official French versionBanque du Canada — Décision sur les taux, 10 juin 2026 (FR)
What to watch: inflation, employment, energy prices and the next rate decision and Monetary Policy Report on July 15, 2026.