Canada's core inflation cooled to 2.10%, a five-year low, even as the economy grew a stronger-than-expected 3.4% annualized in the second quarter and unemployment fell to a two-year low of 6.4%. In the United States, headline CPI held at 3.4% annually in July with core inflation at 2.5%, its slowest pace since March 2021, reducing the odds of a September Federal Reserve rate hike. The Bank of Canada has held its own rate at 2.25% for six straight meetings, with diverging inflation and growth trends complicating its September 17 decision.
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.
Related charts
Canadian headline inflation accelerated to 3.0% in July, up from 2.8% in June and above consensus, driven mainly by energy prices as…
August 20, 2026
View chart & download
The yield climbed back after the Federal Reserve raised rates and the Bank of Canada did not, leaving the gap between the two policy rates…
Canada 10-Year Bond Yield Returns to Its September High
September 25, 2026
View chart & download
The Government of Canada 10-year yield touched a more than two-year high of 3.77% on August 21 before retreating on trade-war growth…
The 10-Year Round Trip: What a Hot PCE Print Means for the Sept. 2 BoC Decision
August 27, 2026
View chart & download
The Bank of Canada's overnight rate has held at 2.25 percent through six consecutive meetings since April, but the Government of Canada…
Government of Canada 10-Year Yield Climbs 34bps While BoC Rate Stays Put
August 21, 2026
View chart & download
The Bank of Canada has held its overnight rate at 2.25% for six consecutive meetings through July 2026, after nine cuts since June 2024 brought it down from a 5% peak.
The Bank of Canada Held. The Bond Market Didn't Wait.
August 14, 2026
View chart & download
Markets still see a meaningful chance of a US interest rate hike this week, even though oil, a key driver of the recent inflation scare,…
Fed Hike Odds Have Barely Moved Even as Oil Fell 12%. Here Is Why That Gap Matters.
July 28, 2026
View chart & download