Cautiously Optimistic Tone from Bank of Canada

Dow Jones
07/15

1120 ET - To no one's surprise, the Bank of Canada again left its overnight rate at 2.25%. The bigger news, says KPMG Canada's Ali Jaffery, is the central bank's tone is a little more upbeat about the economy's prospects than it was in April. This cautiously optimistic tone is based on encouraging recent data that show the economy expanding again and job market slack being slowly absorbed, Jaffery says. The economist notes the bank sees the economy slowly adapting to trade and population shocks and it doesn't appear overly worried about price pressures. The upshot is he expects interest rates to be on hold for the remainder of the year. (robb.stewart@wsj.com; @RobbMStewart)

 

(END) Dow Jones Newswires

July 15, 2026 11:20 ET (15:20 GMT)

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