Bank of Canada expected to hold interest rate at 2.25% amid US-Iran conflict inflation
Updated
Updated · Mortgage Professional · Apr 24
Bank of Canada expected to hold interest rate at 2.25% amid US-Iran conflict inflation
7 articles · Updated · Mortgage Professional · Apr 24
The Bank of Canada is set to keep its rate unchanged on April 29, despite March inflation rising to 2.4% after the US-Iran conflict.
Economists, including TD's Derek Burleton, say the central bank will likely view the inflation spike as temporary and is more likely to cut rates than raise them if action is needed.
The Bank has held rates steady since December, with the economy remaining soft due to US tariffs and ongoing geopolitical uncertainty, contrasting with aggressive hikes seen during the 2022 inflation surge.
With Canada's economy shrinking, why is the central bank hesitating to cut interest rates?
Will rising global tensions make Canadian housing even more unaffordable this spring?
Beyond the gas pump, how will the global oil crisis impact Canadian household finances?
How will the upcoming CUSMA review and US tariffs reshape Canada's long-term economic future?
Is Canada prepared for the high-quality job losses that Artificial Intelligence might soon trigger?