A Bank of Canada rate hike on Oct. 28 is now the base case at UBS, Manulife, Oxford Economics and Scotiabank after inflation hit 3%. RBC still expects a hold.
Banking
A Macklem rate hike is back in the conversation as oil-driven inflation holds at 3%. Here is what the Bank of Canada said before the Oct. 28 decision.
A Bank of Canada rate hike is back in play after Tiff Macklem warned against moving too slowly as oil-driven inflation nears 3% ahead of the Oct. 28 decision.
Traders now price a Bank of Canada rate hike for Oct. 28 as close to a coin flip after oil and bond yields climbed. What it means for mortgages and savers.
The Canada mortgage rate forecast built on forward CORRA pricing shows the BoC rate rising to 3.50% and prime near 5.70% by the end of 2027.
The OSFI Q3 release on Sept. 10, 2026 finalized CAR 2027, crypto-asset capital and interest rate risk rules, and pushed two items to later dates.
Canada’s Big Six banks are jointly exploring a digital deposits network built on tokenized Canadian-dollar deposits, weeks after OSFI clarified their legal status.
Canada’s Big Six banks digital deposits project will explore tokenized Canadian-dollar money, days after OSFI confirmed tokenized deposits are permissible.
The S&P/TSX Composite closed at 35,874.26 on September 17, 2026, up 1.08%, as bond yields eased from multi-decade highs and oil prices retreated.
Canada’s OSFI says tokenized deposits are legally identical to traditional deposits, clearing a classification barrier for bank blockchain products.