03/18/2026
Bank of Canada Rate Update – March 2026
Today, the Bank of Canada held its overnight interest rate steady at 2.25%, marking another rate pause as inflation continues to sit near target and economic growth remains mixed. [investinglive.com], [globalnews.ca]
What this means for Canadians:
✅ Variable‑rate mortgages and lines of credit remain unchanged for now
✅ Fixed mortgage rates will still be driven by bond markets
✅ Savings and GIC rates remain relatively stable
✅ The Bank continues to watch inflation, global uncertainty, and economic growth closely
If you’re wondering how this impacts your mortgage, investments, or overall financial plan, now is a great time to review your strategy and make sure it still aligns with your goals.
Feel free to reach out if you’d like to talk through what today’s announcement means for you.