Canada · Economy ·
Bank of Canada deliberations highlight trade and energy-price risks
The September 16 summary explains the Bank's September 2 decision to hold its policy rate at 2.25%.
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The summary shows how the Bank weighed tariffs, energy prices and inflation risks. It does not represent a second rate decision on September 16.
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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.
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