Bank of Canada holds rate steady and warns more increases still possible — even as signs mount they're over

After raising its benchmark lending rate 10 times since last year, the Bank of Canada has now held the rate steady for two meetings in a row, a sign the central bank may be content to stand on the sidelines for a while.

Bank of Canada holds rate steady and warns more increases still possible — even as signs mount they're over
Bank of Canada governor Tiff Macklem gestures during a question and answer session at the Calgary Chamber in September 2023.

After raising its benchmark lending rate 10 times since last year, the Bank of Canada has now held the rate steady for two meetings in a row, a sign the central bank may be content to stand on the sidelines for a while.