The Bank of Canada (BoC) will release its final interest rate decision of the year at 09:45 a.m. Eastern Time on Wednesday, December 10, 2025. The announcement will be accompanied by a brief explanation of the decision, followed by a full press conference at 10:30 a.m. ET with Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers.
The decision will be posted on the Bank’s website immediately after the lock-up embargo lifts. For media, an in-person lock-up begins at 8:00 a.m. ET at the Bank of Canada Museum entrance in Ottawa, with journalists required to pre-register and bring identification.
What’s at Stake for Canadians?
Canada’s overnight rate — the central benchmark that drives mortgage costs, loan rates, business borrowing and everyday consumer credit — remains one of the most closely watched indicators of the country’s economic health.
In its previous meeting on October 29, the Bank trimmed the rate by 25 basis points to 2.25%, signalling what many economists believe could be the end of the easing cycle. Analysts expect the central bank to hold the rate steady at 2.25% today unless new economic pressures emerge.
Recent economic momentum, including steady inflation and stronger-than-expected labour market data, has reduced urgency for further cuts and strengthened expectations that the Bank will remain on the sidelines.
Why This Meeting Matters
A rate hold would indicate that policymakers see enough stability in the Canadian economy to pause further adjustments. For homeowners and borrowers, this would mean continued relief after several cuts earlier in the year — but also little chance of further easing.
A hold would also align with expectations from major financial institutions, which have projected a lengthy period of interest-rate stability heading into 2026.
Full economic background and rate-cut projections for upcoming years can be found in our detailed analysis here: Bank of Canada Rate Cuts — 2027 Forecast.
What to Watch After 9:45 AM ET
The language of the official statement will be closely parsed for signals about the Bank’s direction heading into 2026. Financial markets will look specifically for:
- Hints of whether rate hikes could return in late 2026 or 2027
- Updated views on inflation expectations and economic headwinds
- Comments on global financial conditions impacting Canada
The opening statement from today’s press conference will also be released at 9:45 a.m. ET and available on the Bank of Canada’s website.
For official information and live updates, refer to the Bank of Canada announcement page: Bank of Canada — Interest Rate Announcement.
For a deeper breakdown of how the policy rate influences mortgages and borrowing, see the Bank’s policy explainer: Understanding the Policy Interest Rate.
As the clock moves toward 09:45 a.m. ET, markets, businesses and households await clarity on the path ahead. Today’s announcement will help define Canada’s financial landscape heading into 2026 — and potentially far beyond.
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