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INSTANT VIEW-Bank of Canada leaves benchmark interest rate unchanged

ReutersJul 30, 2025 1:59 PM

TORONTO, July 30 (Reuters) - The Bank of Canada on Wednesday held its benchmark interest rate at 2.75%.

MARKET REACTION: The loonie CAD= was trading 0.3% lower at 1.3815 per U.S. dollar, or 72.39 U.S. cents, as the greenback notched broad-based gains.

LINK: https://www.bankofcanada.ca/2025/07/fad-press-release-2025-07-30/

COMMENTS

DOUG PORTER, CHIEF ECONOMIST AT BMO CAPITAL MARKETS

"I actually thought there was a bone thrown to the doves, here. You know, they've certainly kept the door open to the possibility of further rate cuts if inflation moderates or the economy weakens."

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