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Where Every Big Bank Stands On Wednesday's Interest Rate Announcement

Zakiya Kassam July 28, 2025 7 min read
Storeys
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
AI Article Summary

The article discusses the forthcoming interest rate decision by the Bank of Canada set for Wednesday alongside current economic conditions. Various Canadian banks, including RBC, TD, Scotiabank, CIBC, and BMO, provide forecasts on the likely outcomes and their expectations for future interest rate moves amidst trade tensions and economic data releases. The consensus among these banks points to an anticipated hold on the current interest rate of 2.75%. The article further explores how economic factors like employment, inflation, and international trade are influencing these predictions.