CAD / USD

Exchange rates

CADUSD

Real-time Estimate TTMZero 04:03:01 2026-06-30 am EDT			5-day change	1st Jan Change
0.7026 ^USD	-0.09%		-0.11%	-3.53%

Jun. 29	Cook ruling, ECB conference likely to further frame Fed chief Warsh's early tenure	RE
Jun. 29	Canadian dollar dips as speculators raise bearish bets to six-month high	RE

Bank of Canada lifts growth forecasts for 2026 and 2027

Published on 04/29/2026 at 09:50 am EDT - Modified on 04/29/2026 at 10:48 am EDT

Reuters

CAD / USD

-0.08%

Bank of Canada lifts growth forecasts for 2026 and 2027

OTTAWA, April 29 (Reuters) - The Bank of Canada on Wednesday slightly lifted its growth forecasts for 2026 and 2027 on the assumption that U.S. tariffs remain unchanged and oil prices gradually decline to $75 a barrel by mid-2027.

In its quarterly monetary policy outlook, the bank said 2026 growth would be 1.2% compared to its 1.1% forecast in January and 2027 growth would be 1.6%, up from 1.5%.

On an annualised basis, first quarter growth in 2026 was 1.5%, down from the 1.8% predicted in January. Second quarter annualized growth will most likely be 1.5%. the bank said.

Annual inflation in 2026 will average 2.3%, up from the 2.0% forecast in January, before declining to 2.1% in 2027, added the bank, which targets 2.0% inflation.

(Reporting by David Ljunggren, editing by Promit Mukherjee)

((Reuters Ottawa bureau, +1 647 480 7921; david.ljunggren@tr.com))

Keywords: CANADA CENBANK/FORECASTS

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