Bank of Canada meeting —
At its 2 September 2026 meeting, the Bank of Canada held its policy rate at 2.25%.
Decision
hold — 2.25% to 2.25%
Key passages
With recent data coming out largely in line with our July forecast, we decided to maintain the policy interest rate at 2.25%.
The labour market has also improved in recent months, with increased hiring by the private sector and the unemployment rate edging down to 6.4% in July. Still, recent indicators point to continued excess supply in the economy.
Meeting documents
Background reading
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