Regulatory Alerts2026-09-02
Added · Updated
Bank of Canada maintains the policy rate at 2¼%
The Bank of Canada maintains the target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The Governing Council agreed to leave the policy rate unchanged as the economy and inflation evolve broadly as forecast in the July Monetary Policy Report, despite increased upside risks to inflation from high oil prices and new US tariffs. The next scheduled date for announcing the overnight rate target is October 28, 2026.
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