The Bank of Canada policy rate stays at 2.25% for a seventh consecutive decision as new US tariffs, elevated oil prices and roughly 3% headline inflation complicate a recovery the Bank calls broadening but not settled.
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Counter Tariffs
Canada’s counter tariffs took effect at 12:01 a.m. on September 8, 2026, covering $27.6 billion in U.S. imports across steel, dairy, appliances, agricultural equipment, pulp and paper, plastics and electronics.
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