Both the Bank of Canada and the US Federal Reserve held their main interest rates steady: 2.25% for the Bank of Canada, and between at 3.50% and 3.75% for the US Fed.

This sort of announcement is of interest to investors in such things as HISAs and ultra short term bonds, which tend to track these rates pretty closely. The HISA and short-term bond table (Canada & US) has been updated with this new data.

My current cash strategy (5% of my retirement portfolio, see here for the most recent details) remains heavily weighted to the US side of the ledger since the interest rates are currently better there.

The next chance to see a change in rates will be a month: April 29, 2026 for both entities.