Canada Economics Comment: June BoC Preview: Holding Pattern

Goldman Sachs expects the Bank of Canada to maintain its policy rate in June, citing a balance between recent economic recovery and persistent inflation concerns. The firm projects the rate to remain on hold throughout 2026.

Key Takeaways

• 1.The Bank of Canada is expected to remain on hold at the June meeting given signs of activity improvement despite a Q1 technical recession.
• 2.Policy rate risks remain skewed dovish relative to current market pricing.

Table of Contents

• Canada Economics Comment: June BoC Preview: Holding Pattern
• Appendix
• Disclosure Appendix