BANK OF CANADA RAISES GROWTH AND INFLATION FORECASTS The Bank of Canada raised its 2026 GDP growth forecast to 1.0% from 0.7%, while liftin…
BANK OF CANADA RAISES GROWTH AND INFLATION FORECASTS
The Bank of Canada raised its 2026 GDP growth forecast to 1.0% from 0.7%, while lifting its 2027 projection to 2.0% from 1.8%.
Inflation forecasts increased more sharply, reaching 2.9% for 2026 and 3.1% for 2027, up from 2.5% and 2.0%, respectively.
The bank also expects Brent crude to average around $100 per barrel in Q4, before gradually declining toward $75 by the end of 2028.