BoC lifts economic growth outlook for 2026 and 2027
The central bank raised its 2026 growth forecast to 1.2% and its 2027 outlook to 1.6%. It expects inflation to average 2.3% in 2026 before easing in 2027.
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The Bank of Canada raised its 2026 and 2027 GDP growth forecasts to 1.2% and 1.6% respectively on Wednesday afternoon. These figures reflect a 0.1 percentage point increase from January estimates as the central bank anticipates stable trade conditions. Investors should note the upward revision to inflation targets, suggesting price pressures may persist longer than previously modeled.
