The Bank of Canada expects inflation to average 2.9% in 2026, 2.5% in July; 3.1% in 2027, 2.0% in July; 2.2% in 2028 and 2.1% in July. The economic growth rate is expected to be 1.0% in 2026, 0.7% in July; 2.0% in 2027, 1.8% in July; 2.0% in 2028, 1.8% in July. Inflation is expected to average 2.9% in 2026, 2.5% in July; 3.1% in 2027 and 2.0% in July; 2.2% in 2028 and 2.1% in July.

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