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Bank of Canada holds policy rate steady as renewed US tariff threats cloud outlook

Some industrial projects delayed as bond yields rise, Avison Young says
The Bank of Canada announced its latest interest-rate decision to hold interest rates steady Wednesday from its Ottawa headquarters. (CoStar)
The Bank of Canada announced its latest interest-rate decision to hold interest rates steady Wednesday from its Ottawa headquarters. (CoStar)
CoStar News
September 2, 2026 | 5:27 P.M.

The Bank of Canada's governing council kept its benchmark interest rate parked at 2.25% for a seventh consecutive decision, citing economic uncertainty that commercial real estate executives say could be delaying some projects.

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