1055 ET - Bank of Canada's decision to keep the policy rate at its current level signals that officials have no intention to respond to energy-driven inflation with interest-rate increases, says Thomas Ryan from Capital Economics. The economist says the BOC decision, and accompanying communications, signals officials remain preoccupied with soft labor-market conditions and increased spare capacity. "This reinforces our view that the BOC will remain on hold this year," Ryan says, adding that near-term adjustments to the rate policy appear to be off the table. (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

July 15, 2026 10:55 ET (14:55 GMT)

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