Mortgage Minute: April 2026
Mortgage Minute: April 2026
Posted on April 29, 2026
The Bank of Canada today (April 29, 2026) held its target for the overnight rate steady at 2.25%, with the Bank Rate at 2.5%. In its accompanying Monetary Policy Report, the Bank cited ongoing global uncertainty from the conflict in the Middle East and US trade policy, while noting a soft domestic labour market, modest economic growth, and temporary upward pressure on inflation from higher energy prices.
Governing Council indicated it is looking through the short-term inflation spike but stands ready to respond as needed to maintain price stability. The next rate announcement is scheduled for June 10, 2026
John Chrisanthidis, Mortgage Broker (FSCO Lic. M08001294 Mortgage Intelligence FSCO Lic. 10428)
☎️ 416-890-1365
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