bank of canada rate announcement

The Bank of Canada announced a cut to its key interest rate by 25 basis points on September 17, 2025, lowering it to 2.5%. This was the first rate cut since March 2025, reflecting concerns over a weakening economy and reduced upside risks to inflation. The Bank highlighted ongoing disruptions in trade as a factor adding costs and impacting economic activity. The next rate announcement is scheduled for October 29, 2025.