After seven consecutive rate cuts, the Bank of Canada has paused, keeping its benchmark interest rate at 2.75% as of Wednesday.

While inflation is slowing down, the decision reflects deeper concerns about the global economy, especially as President Trump’s tariff war adds more uncertainty.

The Bank highlighted signs of a cooling economy:

▪️ Consumer spending is down
▪️ Residential investment has weakened
▪️ Business spending is slowing

March employment numbers also dropped, and many businesses are planning to slow hiring. Wage growth? Also showing signs of moderation.

The global trade landscape is volatile, and this move signals a cautious approach in light of the ongoing U.S. trade disruptions.

Since June 2024, the Bank has reduced rates from 5% to 2.75%—but for now, the cuts are on hold.

What do you think this means for homeowners, buyers, or investors? Drop your thoughts below or message me with questions!