Snapshot from Aug 01, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Regulatory / Bank of Canada holds rate at 2.25%
Regulatory monetary policy

Bank of Canada holds rate at 2.25%

Analysis based on 9 articles · First reported Jul 15, 2026 · Last updated Jul 15, 2026

Sentiment
10
Attention
3
Articles
9
Market Impact
General
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Market Impact

The rate hold was in line with expectations, providing stability for Canadian markets. The Canada — Canadian dollar may face continued pressure from the U.S.-Canada interest rate differential.

Banking Oil and Gas Real Estate
Event Summary

On July 15, 2026, the Royal Bank of Canada held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The decision was widely expected. The Bank noted that Canada's economy is showing signs of improvement, with growth picking up and inflation projected to ease gradually from its recent spike. However, risks and uncertainties remain related to the war in the Middle East and U.S. trade policy. CPI inflation rose to 3.2% in May, mainly due to higher gasoline prices linked to the Middle East conflict. The Bank projects GDP growth of 0.7% in 2026, followed by 1.8% in 2027 and 2028. The next rate announcement is scheduled for September 2, 2026.

Key Actions
100 Royal Bank of Canada held policy rate
Entities Involved
stock
Royal Bank of Canada
The Royal Bank of Canada maintained its policy rate, signaling a cautious approach amid economic uncertainty and elevated inflation.
Importance 100.0 Sentiment 0.0
cnt
Canada
Canada's economy shows signs of improvement with growth resuming, but faces headwinds from Middle East conflict and U.S. trade policy.
Importance 80.0 Sentiment 10.0
cmdt
Petroleum
Higher oil prices from Middle East conflict are boosting Canadian oil and gas sector but contributing to inflation.
Importance 60.0 Sentiment -30.0
cnt
United States
U.S. economic growth at 2.5% supports global demand, but trade policy uncertainty affects Canada.
Importance 50.0 Sentiment 20.0
curr
Canada — Canadian dollar
The Canada — Canadian dollar has depreciated due to interest rate differential with the U.S.
Importance 40.0 Sentiment -20.0
alliance
Eurozone
Eurozone activity weighed down by high energy prices, expected to strengthen later in 2026.
Importance 30.0 Sentiment -10.0
cnt
China
China's economy expands solidly on robust exports, contributing to global growth.
Importance 30.0 Sentiment 10.0
Relationships
Royal Bank of Canada related ↔ Canada
Royal Bank of Canada related ↔ United States
Canada related ↔ Petroleum
Canada strained-ally ↔ United States Canada faces an unprecedented diplomatic and economic crisis with the United States, characterized by a massive tariff w
Canada related ↔ Eurozone
Canada related ↔ China
Petroleum related ↔ United States
Petroleum related ↔ China
United States related ↔ Eurozone
United States strategic rivals ↔ China The United States perceives China as a strategic rival, engaging in an economic and technological competition while also
Eurozone related ↔ China
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