“Babe, wake up, Tiff Macklem is dropping the rate decision today…,” if this isn’t how your partner woke you up this morning, let us get you up to speed.
Driving the news: The Bank of Canada is widely expected to hold interest rates steady today for the fifth consecutive rate announcement. This is even as the inflation rate dropped to 2.9%, far from its 8.1% peak in 2022 and within the bank’s target range of 1% to 3%.