AMBA

The Bank of Canada has maintained its policy rate at 2.25%, noting that Canada’s economy is showing signs of improvement while inflation is expected to ease gradually from its recent spike.

The Bank pointed to resumed economic growth, soft labour market conditions, stabilizing housing activity, and ongoing uncertainty related to the Middle East conflict and US trade policy.

For consumer context, the policy rate is not the same as the rate consumers receive directly. It influences lender prime rates and borrowing costs, including variable-rate mortgages and lines of credit.

For more details, read the full release here: bankofcanada.ca

Compliance can feel complex, but AMBA is here to help make it easier to navigate.

Through AMBA’s Industry Guides and Tools, Members can access resources designed to support their work, strengthen best practices, and help them stay informed on regulatory requirements.

From compliance templates to educational webinars and key FINTRAC resources, these tools are designed to help mortgage professionals move forward with confidence.

Log in to the AMBA Member Portal to access available resources, and visit our website for more information: amba.ca/industry-guides-and-tools