Bank of Canada holds interest rates at 2.25%

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Posted January 28, 2026 9:47 am

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 Bank of Canada expected to keep key policy rate steady this week'

2:22 Business Matters: Bank of Canada expected to keep key policy rate steady this week

Canada’s central bank will make its first interest rate decision of 2026 on Wednesday and many economists expect no changes. In fact, barring any unforeseen circumstances, it may hold steady for the rest of the year. Anne Gaviola has this story and more in Business Matters for Jan. 26, 2026.

The Bank of Canada held its overnight benchmark interest rate at 2.25 per cent on Wednesday.

The announcement comes after the Bank’s first monetary policy meeting of 2026, and marks the second straight hold to borrowing rates.

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Gov. Tiff Macklem at the central bank is scheduled to speak to the media at 10:30 a.m. eastern.

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