Veytics Intelligence
2026-10-16 · CP24

Bank of Canada set for pair of important data drops ahead of 'live' rate decision - CP24

OTTAWA — The Bank of Canada will get a raft of fresh data to start next week as it weighs what could be a pivotal interest rate decision at the end of the month. Statistics Canada is set to release its September inflation data on Monday, giving the central bank a look at how energy price pressures are influencing other parts of the consumer basket. RBC assistant chief economist Nathan Janzen says he expects the annual rate of inflation held steady around three per cent last month, mostly because of persistently high gasoline prices. Janzen says the Bank of Canada’s upcoming decision on Oct. 28 will be a “live” meeting, where the door is open for the central bank to raise its policy rate, but a hike is not his base case scenario.

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