Bank of Canada to Stay Patient Despite Easing Trade Risks

TD Securities' Robert Both expects the Bank of Canada to remain cautious even if a tariff agreement is reached.

The Bank wants more data on how lower tariffs affect exports and output, with key trade figures not available until November.

BoC seen patient despite easing trade risks: The Bank will want to see more data on the impact of lower tariffs, which won't be available until November. We continue to look for the Bank to stay on hold through 2026 before hiking in January.