Bank of Canada deliberations highlight trade and energy-price risks

Governing Council discussed risks that US tariffs and trade uncertainty could weaken spending, investment and hiring. Members also considered whether elevated energy prices could spread into broader inflation.[1]

With the economy still in excess supply and the labour market soft, the Bank maintained its policy rate at 2.25% on September 2. Future policy would be guided by the inflation forecast and associated risks.[1][2]

The new development on September 16 is the publication of the deliberations, not a second interest-rate decision.