Bank of Canada holds rates unchanged - will USDCAD react?

Interest rates in Canada remained unchanged at 2.25%, in line with market expectations. Governor Tiff Macklem warned of growing upside risks to inflation, citing, among other factors, tensions in the Middle East. He also noted that new tariffs and an escalation in trade conflicts would raise costs for both businesses and consumers.

This adds uncertainty over the durability of the economic recovery, even though the economy and inflation are broadly evolving in line with the Bank of Canada’s July projections. The meeting statement also noted that financial conditions have tightened noticeably since the July meeting.

22 September 2026, 6:40 PM

Daily Summary: Trump’s UN Speech Puts Iran, Hormuz and AI in the Spotlight

22 September 2026, 2:58 PM

US OPEN: Tech is looking for a reason to grow, diplomacy in the background

22 September 2026, 1:14 PM

🛢️WTI crude tests $90. Brent below $100

22 September 2026, 10:07 AM

BREAKING: Iran has offered the US a deal to reopen the Strait of Hormuz, according to Kyodo 🚩 Oil falls sharply

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