CAD: Steady interest rates anticipated – Commerzbank

According to a report by Commerzbank analyst Michael Pfister, the Bank of Canada (BoC) is widely expected to maintain interest rate stability in the near term. Pfister notes that the decision should be straightforward, as the economy is slowly recovering from the shock of US tariffs and inflation pressures are building. With rates currently sitting at an expansionary 2.25% following cuts last year, the market has already priced in a “no-change” scenario. Consequently, the upcoming decision is anticipated to have a minimal impact on the Canadian Dollar.