Quick answer
This is Josh & Jay's preview ahead of the Bank of Canada decision around August 28, 2025. Inflation (CPI) was running near 1.9% and unemployment near 7.1% at the time.
With both central banks announcing on the same day, Josh looks at how the Canada–US picture was shaping the call.
The rate path (2023–2025)
The Bank of Canada policy rate over the 2½ years around this decision.
Inflation vs the 2% target
Total CPI and the Bank's core measure against its 2% target — the “why” behind the decision. Inflation was 1.9% at the time.
Heads up: this covers the decision on August 28, 2025. Rates move constantly — for the rate and options that apply to you today, book a call.
Frequently asked
What does a Bank of Canada decision mean for my mortgage?
If you're in a variable-rate mortgage, a cut lowers your rate (and payment or the interest portion) right away, while a hold leaves it unchanged. If you're on a fixed rate, it matters most at renewal. For what it means for your specific situation, book a call with Josh.