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Tag: Bank of Canada

Canada

Bank of Canada Expected to Raise Interest Rates as Inflation Hits 3.1%

OTTAWA, October 26, 2026 — The Bank of Canada is widely expected to raise its benchmark interest rate this Wednesday, as policymakers face growing pressure to contain inflation driven by rising energy prices, despite signs of weakness in the Canadian economy. According to a Reuters report published Monday, October 26, financial markets anticipate a quarter-percentage-point […]

Canada

Why Inflation Is Becoming a Growing Concern for Canadian Households

OTTAWA — Inflation is once again becoming a central concern for Canadian households as higher energy costs push consumer prices upward and increase uncertainty about the future of interest rates. According to Statistics Canada’s Consumer Price Index report released on October 19, annual inflation rose to 3.1% in September 2026, up from 3.0% in August. […]

Canada

Bank of Canada Expected to Raise Interest Rates Next Week, Reuters Poll Shows

A majority of economists surveyed by Reuters expect the Bank of Canada to raise its benchmark interest rate next week, reflecting renewed concerns about inflation and the direction of monetary policy. According to a Reuters poll published on October 23, 19 of 34 economists forecast a quarter-percentage-point increase at the central bank’s October 28 meeting, […]

Canada

Canadian Businesses Grow More Cautious as US Trade Dispute Deepens

OTTAWA — Canadian businesses are entering the final months of 2026 with growing uncertainty over trade relations with the United States, as concerns about tariffs, investment and consumer demand complicate economic planning. According to a Bank of Canada business survey reported by Reuters on October 19, executives expressed caution about future sales, hiring and investment […]

Canada

Bank of Canada Warns Lower Immigration Could Slow Economic Growth

OTTAWA — Canada’s aging population and declining immigration levels are reshaping the country’s economy, threatening to slow workforce growth and reduce its long-term productive capacity, according to a new analysis published by the Bank of Canada. In an assessment released on October 8, the central bank explained that demographic changes are affecting not only the […]

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