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June 2026

Bank of Canada keeps overnight rate at 2.25% as economy stagnates

Posted on Jun 16, 2026




In its fourth scheduled announcement of 2026, the Bank of Canada held the target for the overnight lending rate at 2.25%. This marks the fifth consecutive hold to interest rates since October of last year.As the conflict in the Middle East continues, elevated energy prices and ongoing supply chain pressures are contributing to higher inflation, ev...

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