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Step chart of the Bank of Canada policy rate since June 2024 alongside the 2-year government bond yield level.

The Bank of Canada has held its policy rate for seven straight decisions, while the bond market has pushed the 2-year yield well above it, a sign that investors expect tighter policy. The next decision, on October 28, comes with a new Monetary Policy Report. Oil was the main driver of rising hike odds in September, and core inflation does not yet force a move. The labour market has softened, with job losses in August and wage growth at its lowest since 2017.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Line chart of Canadian total CPI with CPI-trim, CPI-median and CPI-common core measures, July 2025 to August 2026.

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Line chart of Government of Canada 2-year and 5-year benchmark yields from August 21 to October 5, 2026.

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Line chart comparing Canada's headline and ex-gasoline CPI year-over-year from January through July 2026.

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Line chart comparing WTI crude oil prices to the Bank of Canada's 70 to 75 dollar forecast assumption band.

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Line chart of the S&P/TSX Composite from September 1 to October 7, 2026, ending in a dashed afternoon print.

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Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

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