On June 4, the Bank of Canada decided to maintain the policy rate from at 2.75%.
With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts. We will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.
Effective rates on June 5, 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.
