Regulatory Alerts2026-06-24
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Bank of Canada Governing Council Deliberations Summary: June 10, 2026
The Bank of Canada’s Governing Council maintained the policy interest rate at 2¼% on June 10, 2026, balancing a weak domestic economy against elevated global inflation risks driven by Middle East conflict and higher energy prices. Members noted that while Canadian economic activity remained flat with slack in the labor market, core inflation pressures were contained and the economy was not in recession. The Council emphasized that monetary policy would remain nimble, signaling potential rate cuts if US trade restrictions materialize or consecutive hikes if energy-driven inflation becomes persistent.
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monetary
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