The Bank of Canada's next move

Why the Bank has held seven times in a row, and what could make it move on October 28.

Published Sep 21, 2026 Reporting through Sep 16, 2026 Sources for this story (14) ↗

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Statistics Canada Official record Labour Force Survey, August 2026 Published Sep 4, 2026 www150.statcan.gc.caRead original source (opens in a new tab)

The Daily release text: employment, unemployment rate and wage sections

Official August jobs figures. Primary grounding for the jobs and wage claims; the official wording scopes 'slowest since November 2017' with an exclusion for 2021.

Retrieved Sep 16, 2026. Original historical capture has not been verified.

Where it connects

Sep 4, 2026The economy sheds 42,000 jobs

Linked to 2 claims

CTV News News report Unemployment rate remained at 6.4% nationwide and 5.6% in Quebec in August Published Sep 4, 2026By The Canadian Press www.ctvnews.caRead original article (opens in a new tab)

Paragraphs 1-3, tariff paragraph, wage paragraph and closing rate-odds paragraph

Canadian Press report on the August Labour Force Survey, with the tariff timeline and LSEG market odds.

Retrieved Sep 15, 2026. Original historical capture has not been verified.

Where it connects

Linked to 4 claims

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FXStreet News report 2% wages: Why Canada's weak jobs data strengthens the BoC's stance Published Sep 4, 2026By Joshua Gibson www.fxstreet.comRead original article (opens in a new tab)

Opening paragraphs; section 'The 2%'

Market-desk analysis of the jobs report; carries Macklem's press-conference warning and the labour-force arithmetic behind the steady 6.4%.

Retrieved Sep 15, 2026. Original historical capture has not been verified.

Where it connects

Linked to 1 claim

Evidence forGovernor Tiff Macklem said policymakers were prepared to raise the policy rate more than once if inflation stayed too high. He said it at the September 2, 2026 press conference, according to reports by Reuters and FXStreet, a currency-markets news site. No hike was announced or scheduled.Explore this claim →

Financial Post News report Job declines push back against Bank of Canada's hawkishness Published Sep 4, 2026By Naimul Karim ca.finance.yahoo.comRead original article (opens in a new tab)

Economist round-up paragraphs

Consulted for the economist reads on the jobs report (CIBC, Capital Economics, Oxford Economics) and the seventh-in-a-row hold. Financial Post story carried on Yahoo Finance.

Retrieved Sep 15, 2026. Original historical capture has not been verified.

Where it connects

Linked to 1 claim

Evidence forThe Bank of Canada's policy rate stands at 2.25 per cent. On September 2, 2026, the Bank held it there for the seventh consecutive decision. The last change was a quarter-point cut in October 2025. The decision after that is scheduled for October 28, 2026.Explore this claim →

Reuters News report Canada's TSX declines after US jobs data fuels rate-hike bets Published Sep 4, 2026 www.kitco.comRead original article (opens in a new tab)

Paragraphs on the Bank of Canada hold and Macklem's press-conference remark

Reuters wire copy carried by Kitco; grounds Macklem's press-conference warning about being prepared to hike.

Retrieved Sep 15, 2026. Original historical capture has not been verified.

Where it connects

Linked to 1 claim

Evidence forGovernor Tiff Macklem said policymakers were prepared to raise the policy rate more than once if inflation stayed too high. He said it at the September 2, 2026 press conference, according to reports by Reuters and FXStreet, a currency-markets news site. No hike was announced or scheduled.Explore this claim →