BoC Holds 2.25% Rate Amid Muted Growth Outlook
TL;DR
The Bank of Canada left its overnight rate at 2.25% in January 2026, saying the global and Canadian outlook is little changed since October. Inflation remains near the 2% target, growth is expected to be modest due to slower population growth and US protectionism, and GDP projections for 2026–27 were trimmed modestly. The statement reaffirmed that the current policy rate remains appropriate, with a readiness to respond if conditions shift.
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