Bank of Canada Likely to Hold 2.25% on Sept. 2—Why Vancouver Buyers Should Watch Employment, Not Just Tariff Headlines

The Bank of Canada is scheduled to announce its next interest rate decision on Wednesday, September 2, and mortgage experts are broadly expecting the central bank to hold its overnight rate at 2.25 per cent. According to Clay Jarvis, mortgage and financial expert at NerdWallet Canada, the recently reignited trade war with the U.S. is "too fresh to impact the Bank's thinking" at this meeting, despite the dramatic headlines. The BoC held rates steady at 2.25 per cent in July 2026, noting that the economy was showing signs of improvement and inflation was expected to ease gradually. Jarvis emphasized that the central bank will need several more months of data before it can measure the true economic fallout from tariffs, making a September hold the most probable outcome.