Tag: short-term bond

lonely boat sailing in sea

News: Steady as She Goes — BoC and US Fed rates unchanged

RobHLeave a comment

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.

News: Interest Rate Updates for Canada, US

RobHLeave a comment

Eight times a year, the Bank of Canada and the US Federal Reserve have meetings to set and announce their key interest rates. In what I’m sure is a total coincidence, they often happen on the same day. Per the Bank of Canada and the US Fed, here are the dates for 2026:

  • Wednesday, January 28
  • Wednesday, March 18
  • Wednesday, April 29
  • Wednesday, June 10 / June 17th for the Fed
  • Wednesday, July 15 / July 28th for the Fed
  • Wednesday, September 2 / September 15th for the Fed
  • Wednesday, October 28
  • Wednesday, December 9

Normally I don’t really pay too much attention to financial headlines. But since interest rates have a direct impact on the monthly income I can expect from the cash holdings in my portfolio (and by “cash” I mean ultra short-term bond funds1), and since I try to keep my HISA and short-term bond table (Canada & US) accurate, I do pay attention to that particular piece of market intel.

So the Bank of Canada leaves their rate unchanged (again), at 2.25%.

And the US Federal reserve also leaves its target range untouched, at 3.5%<->3.75%2 .

I’ll take a look at rates listed on HISA and short-term bond table (Canada & US) to make sure they remain accurate in the coming days. You can always let me know if something looks off. I’m at comments@moneyengineer.ca.

  1. ZMMK in CAD, ICSH in USD, both members of the ETF All-Stars club ↩︎
  2. And here you see why most of my “cash” is in ICSH instead of ZMMK. US interest rates are higher in Canada, and although there is of course foreign exchange risk involved, I’m ok with that. ↩︎