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Interest Rate Announcement - April 16 2025
April 16, 2025 | Posted by: Matthew J. Charlton
The Bank of Canada has left its benchmark rate unchanged at 2.75%
The next rate announcement is scheduled for Wednesday, June 4, 2025.
'The Bank of Canada faced a tough decision with the economic turbulence and erratic U.S. trade policy we are currently facing, while inflation has risen. The decision to hold the overnight policy interest rate was undoubtedly a challenging one. In the interest of Canadians, it is our hope the Bank will decide to cut interest rates in its next deliberations.”
- Lauren van den Berg, President and CEO of Mortgage Professionals Canada
See Current Rates
