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.
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