Bank of Canada leaves interest rates unchanged for the 3rd straight meeting

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Posted July 30, 2025 9:45 am

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'Inflation rate rising to 1.9%'

Interest rates in Canada are holding steady for now after the central bank left it unchanged on Wednesday.

The Bank of Canada opted to keep its overnight benchmark at 2.75 per cent, as most economists expected.

This marks the third straight monetary policy meeting where rates have held steady after seven straight rate cuts that began in June of 2024 and ended in March of 2025.

Bank of Canada widely expected to hold key rate steady amid trade uncertainty'

1:54 Business Matters: Bank of Canada widely expected to hold key rate steady amid trade uncertainty

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Bank of Canada Governor Tiff Macklem is expected to deliver remarks and answer questions from the media at a press conference beginning at 10:30am Eastern.

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More to come.

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