Bank Of Canada Holds Rate At 2.25%, Warns On Gas-Price Spillover
Its September 2 deliberations show headline inflation stuck near 3% while core sits at 2%, gasoline widening that gap.
- The Bank of Canada's Summary of Governing Council Deliberations, dated September 2, 2026, held the policy interest rate at 2.25%.
- "CPI inflation excluding gasoline was 2.2% and core inflation remained around 2%."
- Governing Council said persistently high gasoline prices raise the odds of a policy rate hike.
Why it matters: A war Ottawa cannot end now sets the interest rate every Canadian mortgage pays.
Bank of Canada, Summary of Governing Council Deliberations (fixed announcement date of September 2, 2026) ↗ · Sep 16, 20269/16/26