25-April-2026
Economy News
 
Bank of Canada to Hold Interest Rates This Year, Show Patience With Energy Inflation: Reuters Poll
25-Apr-2026

The Bank of Canada will hold its overnight rate steady next week and through the rest of the year, according to a majority of economists polled by Reuters, most of whom stuck to the same outlook they had before the U.S.-Israeli war with Iran. While financial markets expect the central bank to lift its overnight rate in the fourth quarter, economists say a hike would only be needed if the surge in energy prices leads to sustained higher inflation. A weak economy and a slack labour market argue against an increase.

News Source:- https://money.usnews.com/investing/news/articles/2026-04-24/bank-of-canada-to-hold-interest-rates-this-year-show-patience-with-energy-inflation-reuters-poll