07:19 AM EST, 11/17/2025 (MT Newswires) -- The Bank of Canada's next policy decision is on Dec. 10, where it is widely expected to hold rates steady, said TD.

With the policy rate at 2.25%, it is at the bottom end of its estimated neutral rate range and likely marks the end of their easing cycle, note the bank.

Last week's BoC Summary of Deliberations highlighted that the governing council believes it has done all it can to combat the impact of United States tariffs. The economy's path from here, including the impact of the recent federal budget, will dictate the path forward.

Should the Canadian economy continue to evolve in line with expectations, TD doesn't see a need for further interest rate cuts in the foreseeable future.