Edition October 30, 2026

Monetary Policy Report released

Canada's central bank lifted its policy rate by 25 basis points to 2.5%.

Persistently costly energy has raised the risk that inflation spreads beyond directly affected prices. Canada's growth outlook has improved modestly despite continuing US trade measures. Policymakers judged that stronger inflation risks and a resilient economy left less room for monetary support. Further rate increases remain possible, but decisions will be taken meeting by meeting because uncertainty persists.

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