The Canadian dollar held firm near 1.3780 against the greenback as elevated crude prices offset new US restrictions on Canadian vehicle and dairy exports.
A lender’s mortgage rate forecast says the Bank of Canada will hold at 2.25% through 2026, while an oil shock lifts bond yields and fixed rates.
The Bank of Canada rate hold keeps the overnight rate at 2.25% for a seventh straight decision as tariffs and oil prices lift inflation risk.
The Bank of Canada policy rate stays at 2.25% for a seventh consecutive decision as new US tariffs, elevated oil prices and roughly 3% headline inflation complicate a recovery the Bank calls broadening but not settled.
