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Interest Rate Announcement - June 4 2025
June 4, 2025 | Posted by: Matthew J. Charlton
As expected, the Bank of Canada left its policy rate unchanged at 2.75%.
The next rate announcement is scheduled for Wednesday, July 30 2025.
'We understand the challenges the Bank of Canada is currently facing, given the pervasive economic uncertainty and needing to be forward looking at a time when U.S. trade policy is highly unpredictable. We call for the Bank of Canada to lower its benchmark policy interest rate by a quarter, to 2.50%, at its next rate decision, given a weaker labour market, softening real GDP and declining business investment. Our interests, as always, lie with Canadian mortgage holders and households, who are facing pressure in this uncertain economic environment.'
- Lauren van den Berg, President and CEO of Mortgage Professionals Canada
See Current Rates
