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Bank of Canada holds rate at 1.75%, says Canada’s ‘resilience’ will be ‘tested’ Bank of Canada holds interest rate at 1.75%, wary of global slowdown The Bank of Canada has maintained its target overnight interest rate at 1.75 per cent, as widely expected by analysts. Social Governor of the Bank of Canada Stephen Poloz speaks during an interest rate announcement at the Bank of Canada in Ottawa on Wednesday, July 11, 2018. The Bank of Canada (BoC) kept its benchmark interest rate steady at 1.75 per cent on Wednesday, in a widely anticipated move that reflects a clouding global economic outlook.
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