June CPI expected to ease as energy prices pull inflation lower
Economists at Scotiabank, RBC, and TD Economics have all indicated the central bank is in monitoring mode, seeking clarity on key risks before moving.
Jamie David of Ratehub .ca says fixed mortgage rates are facing upward pressure as bond yields rise, while leading economists say the Bank of Canada is likely to remain on hold unless inflation risks intensify.https://t.co/w1m7jx62GG
— Canadian Mortgage Professional Magazine (@CMPmagazine) July 16, 2026
RBC Economics said its base case assumes inflation will gradually return toward the 2% target over the forecast horizon, with the central bank remaining on hold through 2026.
The BoC is next scheduled to meet on September 2, and will have both June and July inflation data in hand before that decision.
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