09/02/2026
The Bank of Canada is keeping rates steady for now. 🏦
Canada’s economy showed signs of improvement last quarter, with stronger GDP growth, increased consumer spending, and a slight drop in unemployment.
But inflation is still running around 3%, largely due to higher gas and energy prices. New U.S. tariffs and Canadian counter-tariffs are also adding uncertainty and could push costs higher.
For now, the Bank is taking a wait-and-see approach. 👀
Before the next rate decision, it will be watching inflation, the strength of Canada’s economic recovery, energy prices, and the impact of ongoing trade tensions.
The next announcement is scheduled for October 28, 2026.
