Bank of Canada holds rates steady at 2.25%. The central bank maintained its key interest rate on March 18, 2026, keeping variable mortgage rates and savings account returns unchanged. This decision reflects the Bank of Canada's cautious approach amid persistent economic uncertainty and geopolitical tensions affecting global markets. The hold signals the bank is monitoring inflation data and economic growth closely before making its next move. For borrowers with variable rate mortgages, this means monthly payments remain stable. Savers continue to receive modest returns on deposits. Analysts suggest the central bank may adjust rates in coming months depending on inflation trends and economic conditions. This pause gives households and businesses time to adjust to the current rate environment.
