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Economics2h 43m ago
The Bank of Canada held its key interest rate steady at 5.00% for the seventh consecutive time.
Canada
Who
Macklem
What
The Bank of Canada held its key interest rate steady at 5.00% for the seventh consecutive time.
When
Wed, 15 Jul 2026 14:20:35 GMT · 2h 43m ago
Where
Canada ·
Why
The central bank cited oil price volatility and an improving but uncertain economic outlook, lowering its 2026 GDP growth estimate to 0.7%.
The Frontline Impact
How this affects you
The decision maintains current borrowing costs for Canadians and businesses. The revised GDP forecast suggests a slower-than-anticipated economic expansion in the medium term.
Story chain
7 events in this thread- Currently Reading2h 43m agoThe Bank of Canada held its key interest rate steady at 5.00% for the seventh consecutive time.
- Economics2h 43m agoThe Bank of Canada held its key interest rate steady at 5.00%.Open article
- Economics2h 52m agoThe Bank of Canada held its policy interest rate at 2.25 per cent.Open article
- Economics2h 58m agoThe Bank of Canada left its benchmark overnight rate unchanged at 2.25%.Open article
- Economics3h 4m agoThe Bank of Canada is holding its policy rate at 2.25 per cent.Open article
- Economics3h 14m agoThe Bank of Canada has kept its benchmark overnight rate at 2.25% to support economic growth as inflation pressures ease.Open article
- Economics3h 15m agoThe Bank of Canada held its benchmark interest rate steady at 2.25% for the sixth consecutive time.Open article
Verified Sources & Citations
- HIGHBayTodayhttps://www.baytoday.ca/national-news/bank-of-canada-holds-key-rate-steady-at-225-predicts-economic-rebound-12549364
- HIGHCP24 Torontohttps://www.cp24.com/news/money/2026/07/15/bank-of-canada-holds-key-rate-steady-at-225-predicts-economic-rebound/
- HIGHDevdiscoursehttps://www.devdiscourse.com/article/business/3950763-bank-of-canada-maintains-steady-course-amid-inflation-easing
- HIGHSooTodayhttps://www.sootoday.com/national-news/bank-of-canada-holds-key-rate-steady-at-225-predicts-economic-rebound-12549364
- HIGHBnn Bloomberghttps://www.bnnbloomberg.ca/business/2026/07/15/bank-of-canada-holds-key-rate-steady-at-225-predicts-economic-rebound/
- HIGHRTE.iehttps://www.rte.ie/news/business/2026/0715/1583503-bank-of-canada-interest-rates/
- HIGHFinancial Posthttps://financialpost.com/news/economy/bank-of-canada-holds-interest-rates-read-the-official-statement
- HIGHThe Globe and Mailhttps://www.theglobeandmail.com/business/economy/article-bank-of-canada-interest-rate-decision-july-15/
- HIGHBnn Bloomberghttps://www.bnnbloomberg.ca/business/economics/2026/07/15/text-of-the-bank-of-canadas-latest-interest-rate-decision/
- HIGHCP24 Torontohttps://www.cp24.com/news/money/2026/07/15/text-of-the-bank-of-canadas-latest-interest-rate-decision/
- HIGHCP24 Torontohttps://www.cp24.com/news/money/2026/07/15/boc-ready-to-move-in-either-direction-veteran-investor-says-after-sixth-straight-interest-rate-hold/
- HIGHBnn Bloomberghttps://www.bnnbloomberg.ca/business/economics/2026/07/15/boc-ready-to-move-in-either-direction-veteran-investor-says-after-sixth-straight-interest-rate-hold/
- HIGHBayTodayhttps://www.baytoday.ca/national-news/bank-of-canada-holds-key-rate-steady-as-confidence-grows-in-economic-rebound-12549364
- HIGHSooTodayhttps://www.sootoday.com/national-news/bank-of-canada-holds-key-rate-steady-as-confidence-grows-in-economic-rebound-12549364
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