In a summary published on 16 September 2026, the Bank of Canada explained the discussions behind its 2 September decision to keep the policy interest rate at 2.25%. Policymakers highlighted uncertainty around US trade measures and the risk that persistently high energy prices could spread to other goods and services. They also noted that Canadian economic activity had improved before the latest increase in trade uncertainty. Source: Bank of Canada deliberations.
Business takeaway: Canadian importers and exporters can use this update to review the assumptions behind supplier budgets and cash-flow forecasts. Energy costs, shipping charges and trade measures can affect invoice costs alongside currency movements. Keeping upcoming payments and expected receipts organised by currency and due date can help finance teams identify mismatches. The Bank’s discussion is a risk assessment, not a prediction of the Canadian dollar’s next move.