Market Perspectives
BoC pauses rate cuts, to hold at 2.75%, proceeding cautiously due to "pervasive uncertainty"
On April 16, the Bank of Canada (BoC) held its policy rate steady at 2.75%, marking the first pause after seven successive rate cuts totaling 2.25% since June 2024. In this short report, we look at that decision, and expectations around different scenarios for tariffs, GDP growth, and inflation, that will shape the Canadian economy over the next few years.