The Last Number Before the Bank of Canada Goes Dark

Step chart showing the Bank of Canada's overnight rate holding at 2.25 percent for a fifth consecutive decision.

The Bank of Canada has held its policy rate steady through five consecutive decisions, its longest pause since the current cutting cycle began, with the next announcement set for July 15. Statistics Canada's June jobs report, released the same morning this blackout period begins, is the final data point the Bank will see before deciding. Government of Canada bond yields have eased but remain well above pre-war levels, keeping fixed mortgage renewal costs elevated for households rolling over in the months ahead.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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