On April 16, the Bank of Canada decided to maintain the policy rate from at 2.75%.
The major shift in U.S. trade policy, combined with uncertainty surrounding tariffs, has increased economic uncertainty, dampened growth prospects, and boosted inflation expectations. Due to this widespread uncertainty, forecasting GDP growth and inflation in Canada and worldwide is particularly challenging
Effective rates on April 17, 2025
|
Bank of Canada |
Royal Bank of Canada Prime Rate |
| 2.75% |
4.95% |
Consult the press release issued by the Bank of Canada for more details.
