Bank of Canada minutes: Agreed they would need to maintain optionality in setting rates

2026-02-11 18:32:00

The market isn’t pricing in any more cuts from the Bank of Canada, so they’re data watching and there isn’t much in the commentary that could be market moving.

• Agreed ahead of Jan 28 decision that the rate was on the stimulative side
• Uncertainty over the pace and scale of structural adjustment made growth, potential output and economic slack difficult to assess
• See USMCA review as a downside risk to economic growth
• Firms were reconfiguring supply chains but structural adjustment will take time, could deepen sectoral supply-side impacts

This article was written by Adam Button at investinglive.com.