Markets see two more Bank of Canada rate cuts as economy slows, survey shows

Canadian Mortgage Trends ~ April 28th, 2025

Markets are widely expecting two additional quarter-point cuts from the Bank of Canada this year, according to the Bank’s first-quarter Market Participants Survey.

Respondents see the BoC’s policy rate falling from 2.75% currently to 2.25% by the end of 2025, suggesting two additional 25-basis-point cuts in the months ahead. The median forecast calls for the first cut to come by June, with rates drifting lower in the second half of the year.

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