Markets · Medium impact

Bank of Canada Rate Decision + Monetary Policy Report

Oct 28, 2026, 9:45 a.m. ET

A live meeting: a Reuters poll swung from a clear hold to a narrow majority for the first increase since 2023 after September inflation rose to 3.1% and Governor Macklem's remarks were read as a signal. A press conference follows at 10:30 a.m.

Previous: Overnight rate 2.25%, unchanged for a year

Expected: Hike to 2.50% expected by 19 of 34 economists (Reuters poll, Oct 21-23); futures about 75% for a hike