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Step chart of the Bank of Canada overnight rate target, March 2025 to September 2026, holding at 2.25% for seven decisions.

The Bank has paused because the core measures it prioritizes, which strip out volatile items such as gasoline and travel, sit close to its target even though headline inflation is higher. Its statement calls both the Middle East conflict and the breakdown in US trade talks fluid: energy and tariffs add to price pressure, while a prolonged trade dispute threatens growth and employment.

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 Canada's year-over-year consumer price inflation by month from January 2025 to August 2026.

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Line chart of Canada's year-over-year CPI from January to July 2026, rising to 3.0 percent in July against the Bank of Canada's 2 percent target.

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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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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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© 2026 The Canadian Index. A public reference library of Canadian financial market charts, updated daily from public market data. See the Legal and Usage Terms page for full disclaimers.