Bank of Canada Locks In 2027 Rate Decision Dates

The Bank of Canada has released its full schedule for monetary policy decisions in 2027. The eight announcement dates are January 27, March 3, April 28, June 2, July 21, September 8, October 27, and December 8. All announcements will take place at 09:45 ET.

The Bank has confirmed that it will maintain its inflation target as part of its renewed monetary policy framework. Public consultations highlighted ongoing concerns about the cost of living and housing affordability.

Sal Guatieri, director and senior economist at BMO Capital Markets in Toronto, stated that the Bank appears to be in no rush to move rates in either direction. He noted potential risks on both sides, including a possible rate cut if the economy is harmed by a trade war or an increase in oil prices pushing inflation higher.

Claire Fan, senior economist at RBC Economics, has maintained that the Bank of Canada will hold rates steady through 2026 before hiking modestly in 2027, contingent on a sustained economic recovery and stable inflation.