Bank of Canada held its key rate at 2.25%, citing economic recovery and rising inflation risks.

Canada’s GDP grew 3.3% in Q2, while unemployment edged down to 6.4% in July.

The next rate decision is October 28, 2026, with the Bank set to reassess inflation and economic conditions.

For expert insights on the Burnaby real estate market, connect with Christine Jang, REALTOR® at Macdonald Realty Westmar.