The Bank of Canada Just Admitted It's Trapped: March 18 rate announcement

The Flow: Real Estate and Money Show · Mar 19, 2026 · 17m

Bank of Canada holds at 2.25% but the rate hold is the least interesting part.

Tiff Macklem basically went on TV and said he wants to cut but can't. The economy is contracting, groceries are up 30% since 2021, oil just jumped from $60 to $100 a barrel, and the average Canadian filing for insolvency is carrying $67K in unsecured debt before they've even hit their mortgage renewal.

The big banks can't agree on what happens next. TD says hold through 2026. BMO says hold through 2027. RBC says a rate hike to 3.25% by end of 2027. Scotiabank is calling a 50 basis point hike in the second half of…