With inflation at 3 per cent and 42,000 jobs lost, the Bank of Canada holds
In August 2026 Canadians paid 3 per cent more than a year earlier and lost 42,000 jobs. The Bank of Canada, which aims for 2 per cent inflation, held its rate at 2.25 per cent on September 2, its seventh straight hold. Cutting could feed inflation that is above target mainly because of gasoline, made costly by a Middle East conflict. Raising could cost more jobs while US tariffs, taxes on imports, hit exporters. It decides again on October 28.