BOC OVERNIGHT RATE TARGET 2.25% FIFTH CONSECUTIVE HOLD EACH FIXED DATE  |  JAN 2025 TO JUL 2026

Source: Bank of Canada fixed announcement date press releases, January 2025 to June 2026.  |  hdq.ca

CANADA CPI: HEADLINE YOY 3.2% ▲ energy-driven since March MONTHLY  |  JAN TO MAY 2026

Source: Statistics Canada CPI releases; Bank of Canada rate announcements, March 18, April 29, and June 10, 2026.  |  hdq.ca

CANADA CPI: YEAR OVER YEAR 3.2% ▲ FROM 2.8% MONTHLY  |  AUG 2025 TO MAY 2026

Source: Statistics Canada, Consumer Price Index monthly releases, August 2025 to May 2026.  |  hdq.ca

CANADA CPI, YEAR OVER YEAR 3.2% ▲ 0.4pp MONTHLY  |  NOV 2025 TO MAY 2026

Source: Statistics Canada, The Daily, monthly CPI releases, Nov 2025 to May 2026.  |  hdq.ca

GoC 5Y YIELD vs BoC POLICY RATE 3.07% ▼ vs 2.25% BoC rate Monthly  |  Jul 2025 - Jul 2026  |  hdq.ca

Source: Trading Economics, Bank of Canada selected bond yields; Bank of Canada policy rate announcements. GoC 5Y as of July 2, 2026.  |  hdq.ca

CANADA GDP: MONTHLY CHANGE +0.5% ▲ April, strongest since Jul 2025 MONTHLY  |  OCT 2025 - MAY 2026

Source: Statistics Canada, GDP by industry, June 30, 2026. May 2026 is an advance estimate subject to revision on July 31.  |  hdq.ca

CANADA REAL GDP BY INDUSTRY, MONTHLY CHANGE 0.4% EST. ▲ APR ADVANCE MONTHLY  |  JUL 2025 TO APR 2026

Source: Statistics Canada, GDP by industry, monthly series, advance estimates flagged at time of prior release.  |  hdq.ca

CANADA CPI HEADLINE VS CORE, NOV 2025 TO MAY 2026 3.2% / 2.1% ▲ HEADLINE GAP WIDENING MONTHLY  |  STATCAN

Source: Statistics Canada, The Daily, June 22, 2026.  |  hdq.ca

USD/CAD | SPOT EXCHANGE RATE 1.4202 ▼ -0.28% DAILY  |  JUN 13 TO JUN 26

Source: MTFX; Wise; Trading Economics; Bank of Canada exchange rate data, June 2026.  |  hdq.ca

CANADA CPI: HEADLINE VS. CORE TRIM 3.2% ▲ 0.4pp MONTHLY  |  NOV 2025 TO MAY 2026

Source: Statistics Canada, Consumer Price Index, May 2026 release.  |  hdq.ca

BOC POLICY RATE VS FED FUNDS RATE 1.375pp GAP ▲ DIVERGING MONTHLY  |  JAN – JUN 2026

Source: Bank of Canada interest rate announcements, January through June 2026. Federal Reserve FOMC statements, January through June 2026.  |  hdq.ca

CANADA CPI, YEAR OVER YEAR 3.2% ▲ +0.4 PTS MONTHLY  |  DEC 2025 TO MAY 2026

Source: Statistics Canada, The Daily, Consumer Price Index releases.  |  hdq.ca

FOMC YEAR END 2026 PROJECTIONS 3.8% ▲ MEDIAN, FROM 3.4% 18 PARTICIPANTS  |  JUN 17, 2026

Source: Federal Reserve Summary of Economic Projections, June 17, 2026.  |  hdq.ca

BOC POLICY RATE FORECASTS 3.00% ▲ SCOTIABANK PATH FORECAST  |  2026 TO 2027

Source: Scotiabank, RBC Economics, and the Parliamentary Budget Officer, forecasts published June 2026.  |  hdq.ca

BOC VS FED POLICY RATE PATH, 2026 2.25% / 3.50-3.75% ▲ GAP WIDENING MONTHLY  |  JAN TO DEC 2026 (PROJECTED)

Source: Bank of Canada policy rate schedule; Federal Reserve June 2026 Summary of Economic Projections.  |  hdq.ca

FED FUNDS TARGET, UPPER BOUND 3.75% ▶ HOLD PER MEETING  |  OCT 2025 TO JUN 2026

Source: Federal Reserve, FOMC target range by meeting, October 2025 to June 2026.  |  hdq.ca

CANADA CPI vs BOC POLICY RATE / HEADLINE AND HOLD 2.80% ▲ CPI Apr 2026 Monthly  |  Jan 2025 - Jun 2026

Source: Statistics Canada CPI releases Jan 2025 to Apr 2026; Bank of Canada overnight rate decisions. BoC rate shown as step line against left axis for comparison.  |  hdq.ca

BoC OVERNIGHT RATE | WITH POLICY SCENARIO PATHS 2.25% Hold Monthly  |  Oct 2025 to Dec 2026 projected

Source: Bank of Canada rate announcements; C.D. Howe Institute Monetary Policy Council, June 4, 2026; TD Economics, June 10, 2026.  |  hdq.ca

BANK OF CANADA OVERNIGHT RATE 2.25% ▬ Fifth consecutive hold Monthly  |  Jan 2022 to Jun 2026

Source: Bank of Canada, Policy Interest Rate, June 10, 2026.  |  hdq.ca

CANADA CPI: HEADLINE VS CORE TRIMMED-MEAN (YoY %) 2.8% ▲ Headline Apr 2026 Monthly  |  Jan 2025 to Apr 2026

Source: Statistics Canada, Consumer Price Index, April 2026 release (May 19, 2026). Bank of Canada core inflation measures.  |  hdq.ca