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By Chad Moore | October 28, 2026
For several weeks, I've been saying that I expected the Bank of Canada to raise interest rates at this meeting, or certainly by the next. Today, the Bank increased its policy rate by a quarter of a percentage point to …
When I look back at the Bank of Canada’s decisions, the overnight target moves from 1.00% at the start of 2015 to 2.25% at the September 2, 2026 decision. But the path matters more than those endpoints: oil-shock cuts, emergency pandemic support, rapid inflation-fighting increases and a later …
The Bank of Canada held its policy rate at 2.25% on September 2, 2026.
| Measure | Figure |
|---|---|
| Policy rate | 2.25% — held |
| Bank Rate | … |
Bank decisions by year
Follow published Bank of Canada rate decisions by year and open the Greater Sudbury housing and mortgage-rate context recorded for each announcement date.
The Bank sets its policy interest rate; lenders set their own mortgage products and pricing. Open a decision …
Today, July 15, 2026, the Bank of Canada has held its target for the overnight rate at 2.25%.
| Measure | Setting | Why it matters |
|---|---|---|
| Target overnight … |
The Bank of Canada held its target for the overnight rate at 2.25% on June 10, 2026. Here is what that decision means for borrowers.
| Measure | Setting | Why it matters | …
|---|
Today, April 29, 2026, the Bank of Canada has held its target for the overnight rate at 2.25%.
| Measure | Setting | Why it matters |
|---|---|---|
| Target overnight … |
When the Bank of Canada announces a rate decision, I often hear the same question from buyers: “Does that mean my mortgage rate changes today?” The answer depends on whether you are looking at a variable or a fixed rate — and on the lender’s actual offer.
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Today, March 18, 2026, the Bank of Canada has held its target for the overnight rate at 2.25%.
| Measure | Setting | Why it matters |
|---|---|---|
| Target overnight … |
Today, January 28, 2026, the Bank of Canada has held its target for the overnight rate at 2.25%.
| Measure | Setting | Why it matters |
|---|---|---|
| Target overnight … |