Bank of Canada to Announce Interest Rate Decision Wednesday

The Bank of Canada will announce its decision on the target for the overnight rate on Wednesday, March 18, 2026.

The announcement is scheduled for 11:15 a.m. Newfoundland Time.

The current rate is at 2.25% and has been steady since October.

The update is closely watched by businesses, investors, and consumers, as changes to the overnight rate influence borrowing costs, mortgages, and the broader economy.