The next decision lands Wednesday, July 15, 2026 at 9:45 a.m. ET. Watch it live, see the odds, and know exactly what it means for your mortgage — the second it drops.
2.25%
Overnight rate · held
—
to the July 15 decision
88%
markets say hold
4.45%
prime rate today
Quick answer
The Bank of Canada announces its next rate decision on July 15, 2026 at 9:45 ET, with a Monetary Policy Report and press conference to follow. The overnight rate is 2.25% and markets are pricing a hold. This page counts down, streams the announcement, and breaks down the impact.
2.25%
BoC rate
4.45%
prime rate
Jul 15
next decision
Next Bank of Canada decision
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Wed, Jul 15, 2026 · 9:45 a.m. ET · with Monetary Policy Report
All eight 2026 Bank of Canada decisions — add each to your calendar.
Source: Bank of Canada 2026 schedule. All announcements 9:45 a.m. ET; MPR = Monetary Policy Report + press conference. Each calendar reminder links back here.
The odds for July 15
Market-implied expectations — then make your own call.
Hold
~88%
Cut
~8%
Hike
~4%
Approximate, market-implied via overnight index swaps — not a forecast. The Bank's call is its own.
What's your call?
Tap your prediction — we'll remember it and you can see if you were right on the 15th.
Your rate playbook
A move tailored to what you expect — it updates with your call above.
What's in it for you
What each outcome means the moment it's announced.
▼ If they cut
Relief. Variable mortgages and HELOCs reprice down within days — more of each payment goes to principal, or your payment drops.
— If they hold
Steady. Prime stays 4.45% and your variable payment doesn't move. The story becomes the next decision.
▲ If they hike
Squeeze. Borrowing gets pricier — variable payments and lines of credit climb, and fixed renewals get tougher.
Sources:Bank of Canada — rate decisions & schedule; BoC webcasts — live stream. Odds are approximate and illustrative; reviewed 6 Jul 2026.
Independent & not affiliated. bankratecanada.ca (Overnight) is not affiliated with the Bank of Canada. Odds and figures are illustrative, not a forecast and not financial advice. See our Terms and Privacy.
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