The Bank of Canada policy rate is 2.25% as of July 2026. That is +0.75 pts since 2018, based on official Bank of Canada data.
The trend
Over the monthly series since 2018, the Bank of Canada policy rate has moved from 1.5% to 2.25%, a clear climb. The chart below tracks the full history, hover or touch any point to read the exact figure.
What it means for you
A higher policy rate feeds into variable mortgages and lines of credit first and nudges fixed rates up over time, so borrowing costs are climbing.