Bank of Canada Prepares for Sixth Rate Decision Amid Ongoing Economic Uncertainty

The Bank of Canada is set to make its sixth interest rate decision of the year on September 2, 2026. Most economists and financial markets favor another rate hold from the central bank today.

The Bank of Canada has kept its policy rate steady at 2.25 per cent since late last year as the economy deals with U.S. tariff uncertainty and higher global energy prices resulting from the war in Iran.

Annual inflation rose to three per cent in July, but the consumer price index has been volatile since the Middle East conflict sent gas prices soaring over the spring.