Skip to Main content

13.46°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

Apr 16, 2025 5:27 PM - Connect Newsroom

Bank of Canada Holds Interest Rates Steady Amid Global Uncertainty

Share On

bank-of-canada-holds-interest-rates-steady-amid-global-uncertainty

It is worth noting that the Bank of Canada began its cycle of rate cuts in June 2024.(Photo: The Canadian Press)

Canadians will not see any further cuts in loan rates, as the Bank of Canada has decided to keep interest rates unchanged amid uncertainty stemming from U.S. President Donald Trump's ongoing tariff war.

The central bank’s benchmark interest rate remains steady at 2.75 percent. Previously, the Bank of Canada had reduced rates seven consecutive times, with the most recent cut of 0.25 percentage points taking place on March 12. Following that reduction, major banks including the Royal Bank of Canada, Canadian Imperial Bank of Commerce, National Bank of Canada, and Toronto-Dominion Bank lowered their prime lending rates from 5.20 percent to 4.95 percent.

It is worth noting that the Bank of Canada began its cycle of rate cuts in June 2024. This marks the first time since then that the central bank has opted to hold its benchmark rate steady.

Latest news

CanadaOct 06, 2026

Canada’s August Trade Surplus with U.S. Nearly Doubles to $11.2 Billion

Canada recorded a $11.2 billion trade surplus with the United States in August, nearly double the $6.1 billion surplus reported in July. According to a report released by Statistics Canada on Tuesday, exporters accelerated shipments to the U.S. ahead of the implementation of new tariffs imposed by U.S. President Donald Trump. Canadian exports to the U.S. increased by 8.1 per cent, while imports declined. Economists say the full impact of the new tariffs will become clearer in the September data, which will also reflect the impact of Canada’s counter-tariffs. Statistics Canada said Canada’s

vancouver-downtown-eastside-stabbing-police-search-for-suspect

Vancouver Downtown Eastside stabbing: Police search for suspect

Police are searching for a suspect after a man was stabbed in the neck in Vancouver’s Downtown Eastside. According to police, the incident happened around 11:40 p.m. Sunday near Main Street and East Hastings Street. The victim suffered serious injuries but was taken to hospital and is now in stable condition. Constable Darren Wong said the attack was not random, adding that the suspect and victim knew each other. The suspect fled the scene following the stabbing and remains at large. Vancouver Police are asking the public for assistance. The suspect is described as a Caucasian man between 30

Tight Race in B.C., Conservatives Lead with 48% Support

The British Columbia provincial election is expected to see a tight contest between the two major parties. According to a new opinion poll by the Angus Reid Institute, the BC Conservatives are currently leading the BC NDP by five percentage points, with 48 per cent voter support. However, the Conservatives’ lead has narrowed from eight points on September 24. The latest poll shows 43 per cent of voters supporting the BC NDP. The survey also suggests that BC NDP Leader David Eby’s strategy of making U.S. tariffs and the threat posed by President Donald Trump a key election issue may not be

AlbertaOct 06, 2026

$30M Worth of Illegal Cigarettes Seized in Alberta’s Westlock Area

Alberta RCMP have seized an estimated $30 million worth of illegal cigarettes following a months-long investigation in the Westlock area. A 50-year-old Westlock man has been arrested and charged with multiple offences. Police began the investigation in January after receiving information that unstamped cigarettes were being sold in the Westlock area. During the investigation, an undercover officer purchased cigarettes from a store called The Boutique. Search warrants were executed on June 17 and 18. On September 15, police searched a rural property in Westlock County and arrested the suspect.

power-shift-in-quebec-as-pq-set-to-form-minority-government

CanadaOct 06, 2026

Power Shift in Quebec as PQ Set to Form Minority Government

The Parti Québécois is set to form a minority government in Quebec after winning 59 seats in the provincial election, marking a major shift in the province’s political landscape. PQ Leader Paul St-Pierre Plamondon will become Quebec’s next premier. In his victory speech, Plamondon described the result as the beginning of a new chapter and said he believes Quebec’s long-standing separatist aspirations could eventually be realized. The election result also dealt a major blow to the Coalition Avenir Québec, which had governed the province for the past eight years. The party failed to win

Related News

Canada’s August Trade Surplus with U.S. Nearly Doubles to $11.2 Billion

Canada’s August Trade Surplus with U.S. Nearly Doubles to $11.2 Billion

Canada recorded a $11.2 billion trade surplus with the United States in August, nearly double the $6.1 billion surplus reported in July. According to a report released by Statistics Canada on Tuesday, exporters accelerated shipments to the U.S. ahead of the implementation of new tariffs imposed by U.S. President Donald Trump. Canadian exports to the U.S. increased by 8.1 per cent, while imports declined. Economists say the full impact of the new tariffs will become clearer in the September data, which will also reflect the impact of Canada’s counter-tariffs. Statistics Canada said Canada’s

Power Shift in Quebec as PQ Set to Form Minority Government

Power Shift in Quebec as PQ Set to Form Minority Government

The Parti Québécois is set to form a minority government in Quebec after winning 59 seats in the provincial election, marking a major shift in the province’s political landscape. PQ Leader Paul St-Pierre Plamondon will become Quebec’s next premier. In his victory speech, Plamondon described the result as the beginning of a new chapter and said he believes Quebec’s long-standing separatist aspirations could eventually be realized. The election result also dealt a major blow to the Coalition Avenir Québec, which had governed the province for the past eight years. The party failed to win

Canada’s Services Sector Contracts for Fourth Straight Month, Businesses Remain Optimistic About Future

Canada’s Services Sector Contracts for Fourth Straight Month, Businesses Remain Optimistic About Future

Canada’s services sector continued to contract in September, marking the fourth consecutive month of decline. According to the S&P Global Canada Services PMI, released Monday, the headline business activity index improved slightly to 48.3 in September, up from 46.8 in August, but remained below the key 50 mark that separates expansion from contraction. Experts attributed the weakness to ongoing tariff disputes, U.S. restrictions on Canadian products and global uncertainty linked to tensions in the Middle East. However, there was some positive news as Canadian companies remained optimisti

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital