The next Bank of Canada (BoC) rate announcement is scheduled for Wednesday, September 17, 2025, at 09:45 Eastern Time (13:45 UTC). This will be the third- last announcement of the year and will include the decision on the overnight rate along with the release of the Monetary Policy Report.

The current target overnight rate is 2.75%, held steady since March 2025. Most economists expect the Bank of Canada to cut rates by 25 basis points at this announcement due to weakening economic conditions such as higher unemployment and overall economic softness.