Canada has now lost 112,000 jobs since January, almost entirely full-time. The Bank of Canada meets June 10 with inflation running above target and a labour market that is softening faster than anyone expected.

The BoC held at 2.25% and said both cuts and hikes remain on the table. That is not a hedge. It is a precise description of the most difficult monetary policy environment in a generation.

Statistics Canada reported a modest March rebound in the Labour Force Survey released at 8:30 AM this morning, ending a two-month run of job losses to start the year

Canada entered the Iran crisis with an already-softening economy. The BoC's March statement noted employment gains from Q4 2025 were largely reversed in the first two months of 2026, with unemployment

The Bank of Canada holds at 2.25% with its next decision on April 29. Governor Macklem has signaled the BoC will look through the immediate oil-driven inflation spike -- but will raise rates if energy

The Bank of Canada held at 2.25% on March 18 and explicitly named "economic weakness combined with rising inflation" as its central dilemma. The next decision is April 29, with a full Monetary Policy

The BoC's March deliberations were released Wednesday, revealing a governing council explicitly weighing whether the oil shock would push inflation broadly higher or remain contained to energy

The Bank of Canada publishes its March 18 deliberations today at 1:30 PM ET, providing the most detailed window yet into how Governing Council is thinking about an economy simultaneously hit by a coll

Inflation is heading above 3% in March as the oil shock passes through to gasoline, transportation, and food costs, the first breach of the Bank of Canada's upper target band since 2023