Interest Rates - General Comments for today.
October 8th, 2026
Let’s Talk Interest Rates!
The current Bank of Canada (BoC) Overnight rate is 2.25%. It has been here without change since October 2025. The general consensus amongst the big banks is that it will not change prior to the end of the year. The BoC has limited range to lower rates further without causing inflation. That is unless the economy falls more than expected. This rate of 2.25% is ...