Canada

The Bank of Canada held its target overnight rate steady at 2.25% on June 10, 2026, marking its fifth consecutive meeting without a change, as Governor Tiff Macklem cited the need to balance energy-driven inflation — pushed higher by the ongoing Middle East conflict — against economic weakness stemming from US trade policy uncertainty. Canadian inflation rose to 2.8% in April 2026, with the central bank projecting it will peak near 3% before gradually declining to its 2% target by early 2027.