Bank of Canada decision due at 9:45 a.m.
A majority of economists surveyed by Reuters expect an increase; none has been announced yet.
Announcement pending.
The Bank of Canada is due to announce its policy rate decision on October 28 at 9:45 a.m. Toronto time. Its Monetary Policy Report will be released at the same time. [1]
The decision is still pending
In a Reuters survey conducted October 21–23, 19 of 34 economists expected a 0.25 percentage point increase to 2.5%. This is a forecast: no decision had been released when this edition was prepared. [2]
The inflation question
Reuters reports that economists expecting an increase are concerned that higher energy costs could spread to other prices. The statement and new projections will explain the Bank’s assessment. [2]
What comes next
A press conference with Tiff Macklem and Carolyn Rogers is scheduled for 10:30 a.m. [1]
Perspectives compared
Sources and documents
- [1] Bank of Canada — media advisory ↗October 28, 2026
- [2] Reuters — Promit Mukherjee ↗October 28, 2026; updated 6:17 a.m. Eastern