The Bank of Canada will most likely keep rates on hold at 2.75% on Wednesday for the third time, reflecting a softer-than-expected impact of the trade war with the U.S. on the Canadian economy, which has kept the need for monetary stimulus at bay.

For most investors, the best course of action in July 2025 is to hold. Royal Bank remains a core position in many Canadian portfolios for good reason. It’s big, stable, and relatively boring, which is exactly what most people want from a bank stock. But if it dips below $175, long-term investors might want to consider topping up.