To the surprise of no one, both the Bank of Canada and the US Federal reserve announced no changes to their benchmark rates today.

As reflected in HISA and short-term bond table (Canada & US), the Bank of Canada rate held steady at 2.25% and the US Federal Reserve held their rates steady in a range of 3.50-3.75%.

The posted rates matter because they drive numbers like how much money you can expect to earn from a high interest savings account.

Bank of Canada next announces on June 10. US Fed next announces on June 17.