Countryside Financial

NEW: As expected, the Bank of Canada leaves its policy rate unchanged at 2.25%, meaning no change to the prime rate for variable-rate borrowers.

Full statement here: https://www.bankofcanada.ca/2026/01/fad-press-release-2026-01-28/

CIBC’s Benjamin Tal says Canada is already in a per-capita recession and is calling on the Bank of Canada to cut rates — and on the federal government to expand GST/HST relief to all homebuyers.



🔗 https://www.canadianmortgagetrends.com/2025/10/cibcs-ben-tal-canada-is-in-a-per-capita-recession-and-needs-rate-cuts-now/