Financial Post
🏢 Postmedia
📍 ON
Jun 4, 2026
· 5 min read
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Ottawa’s budget watchdog predicts Bank of Canada will hike interest rate to 2.75% in 2027
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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Ensemble
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Article Excerpt
The Bank of Canada next decides on interest rates June 10. PHOTO BY JAMES PARK/BLOOMBERG Article content Ottawa’s budget watchdog’s new economic outlook projects the Bank of Canada will hold its key interest rate steady through 2026 before gradually raising it to 2.75 per cent by the end of next year. Article content The Office of the Parliamentary Budget Officer‘s report published Thursday said it expects the central bank to hold fire through 2026 as the economy continues to operate “below its productive capacity” and inflation stays elevated due to higher energy prices. Article content Artic…
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Jun 5, 2026