The outlook for Canadian growth is broadly unchanged. After a weaker-than-expected start to 2026, GDP growth is projected to be slightly stronger in 2027 and 2028. Although near-term inflation has been a bit higher than anticipated, the outlook for inflation is little changed.
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- Bank of Canada keeps its policy rate at 2.25%
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- Bank of Canada holds interest rate at 2.25%
- PBOC sets USD/CNY reference rate at 6.7807 vs. 6.7829 previous
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Monetary Policy Report—July 2026 – Bank of Canada
By Robert Jessi
