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Bank of Canada to Hold Rates Through 2030 as GDP Growth Seen at Only 0.5%

2026-07-09 10:25:15

According to Jin10 data citing Signal49, Canada's central bank will maintain interest rates unchanged indefinitely through 2030 as it supports an economy facing broad weakness. The independent forecasting agency expects Canada's GDP growth to reach only 0.5% this year amid near-zero population growth and uncertainty over U.S. trade policy. Higher energy prices and weak consumer confidence will constrain spending growth, while government expenditure outside infrastructure and defense faces restrictions. The economic softness should reassure the central bank that inflation pressures will be temporary.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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