Making sense of the Bank of Canada interest rate decision on April 16, 2025

As tariff confusion reigns, the Bank of Canada (BoC) has thrown in the towel on trying to forecast what’s next for the Canadian economy. Instead, it says, expect the unexpected.That was the major message from the central bank in its April rate announcement, in which it held its trend-setting overnight lending rate. It’s unchanged at 2.75%. This brings an end to the rate cutting cycle it had kicked off last June, which brought this trend setting rate down 225 basis points (2.25%) from