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Interest Rate Announcement – December 10 2025
December 10, 2025 | Posted by: Matthew J. Charlton
BREAKING: The Bank of Canada has kept its key policy rate unchanged at 2.25%, as expected by markets
The next rate announcement is scheduled for Wednesday, January 28 2026.
The decision pauses the Bank’s easing cycle as it continues to monitor inflation and economic conditions.
'The Bank of Canada continues to face a difficult backdrop in setting interest rate policy. Uncertainty from U.S. trade tensions remains the top concern for consumers as a key driver of price pressures. Additional rate relief will be essential, as our latest housing market report underscores the growing financial strain Canadians face—whether striving to purchase their first home or managing higher mortgage costs at renewal.”
- Lauren van den Berg, President and CEO of Mortgage Professionals Canada
Note: While most Canadian financial institutions tend to align their Prime Lending Rate with the Bank of Canada's overnight rate after its announcements, each institution is free to set its own Prime Lending Rate at its discretion.
See Current Rates
