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Bank of Canada Holds: Why and What’s Next
“At this meeting, we decided to hold our policy rate unchanged as we gain more information about both the path forward for US tariffs and their impacts.”
– Tif Macklem (Governor of the Bank of Canada)
In this special report, we analyze the Bank of Canada’s April 16th decision to hold rate steady, and their outlook moving forward.
In a highly unusual step, rather than a single economic forecast, the Bank of Canada took the rare step of presenting two distinct economic scenarios. We dive into the details of both, and how their forecasts and actions could impact mortgage rates moving forward.
