The Canadian Index

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Step chart showing the Bank of Canada overnight rate holding at 2.25 percent for six consecutive decisions from April 2024 through July 2026.

The Bank of Canada has held its overnight rate at 2.25% for six consecutive decisions, following nine cuts made between June 2024 and October 2025. The Bank's next decision on September 2 falls five days after new Fed Chair Kevin Warsh delivers his first Jackson Hole keynote and two weeks before the US Federal Reserve's own September 16 meeting, leaving Canadian bond yields exposed to a window of US policy signals that lands before the Bank of Canada acts again.

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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Line chart tracking Bank of Canada rate decisions from January 2025 to July 2026, showing a sixth consecutive hold at 2.25 percent.

The Bank of Canada held its overnight rate at 2.25% for a sixth consecutive decision, even as Canada's inflation cooled to 2.8% in June…

Canada's Inflation Cooled to 2.8%. The Bank of Canada Got More Hawkish Anyway.

July 22, 2026

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Line chart tracking the Bank of Canada overnight rate target at 2.25% through each fixed announcement date from January 2025 to July 2026, marking five consecutive holds.

This chart tracks the Bank of Canada's overnight rate through each fixed announcement date, showing five straight holds at 2.25% since late October 2025.

Markets Priced a Bank of Canada Hike at 40% on Tuesday. By Wednesday It Was 60%.

July 9, 2026

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Bar chart comparing same-session percentage moves across six assets following the July PCE inflation surprise.

Wednesday afternoon's hot US July PCE inflation print, which came in above forecast, reversed four sessions of falling Canadian and US bond yields within hours.

The July PCE Surprise Reversed Four Days of Falling Canadian Yields in One Afternoon

August 26, 2026

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Bar chart showing three Canadian banks' adjusted net income growth accelerating in Q3 fiscal 2026 earnings.

Scotiabank, BMO, and National Bank each posted accelerating year-over-year adjusted net income growth this week, with each report topping the one before it.

The July PCE Surprise Reversed Four Days of Falling Canadian Yields in One Afternoon

August 26, 2026

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Step chart showing the Bank of Canada overnight rate holding at 2.25 percent through six straight decisions since 2025.

The Bank of Canada has held its overnight rate at 2.25% through six consecutive decisions since October 2025, with swap markets pricing…

Why the BoC's September 2 Hold Is the Least Interesting Rate Decision This Week

August 25, 2026

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Line chart showing gold futures climbing 5.1 percent over the week to settle at 4,661.60 dollars an ounce.

Gold settled the week at 4,661.60 dollars, up roughly 5.1%, its third straight weekly advance, after an expanded US Treasury bond buyback…

Gold Kept Its Gain After the Treasury Buyback That Triggered It Reversed

August 22, 2026

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