CANADA VIBES NEWSROOM · ÉDITION DU MATIN | MORNING EDITION
July 29, 2026 · 7:00 AM ET

The Bank of Canada releases its summary of deliberations today at 1:30 p.m. ET, detailing the discussion behind its July 15 decision to hold the policy rate at 2.25% for a sixth consecutive time.

On July 15, the Bank’s Governing Council judged that the 2.25% policy rate remained appropriate to support the economic recovery and bring inflation back to the 2% target. The decision cited higher oil prices linked to the conflict in the Middle East, continued uncertainty around U.S. trade policy, and clear signs that Canadian growth picked up in the second quarter.

This afternoon’s summary is expected to detail the Governing Council’s internal discussions ahead of that decision. According to the Bank’s media advisory, there will be no press conference, technical briefing or lock-up for this release — the document will simply be posted online at 1:30 p.m. ET.

The July Monetary Policy Report describes a Canadian economy that has been “weak, but is showing signs of improvement,” with growth expected to accelerate and inflation expected to ease toward 2%, amid what the Bank still describes as elevated uncertainty.

The next interest rate announcement is scheduled for September 2, 2026.

What to watch

The detailed content of this afternoon’s summary could offer clues about the likely path of the policy rate heading into the September announcement.

Sources

Bank of Canada (media advisory and July 15, 2026 rate announcement, July 2026 Monetary Policy Report); La Presse.