TD Securities expects the Bank of Canada to keep rates at 2.25% through 2026, with a move to a neutral 2.75% rate not occurring until 2027.
TD Securities expects the Bank of Canada to hold rates at 2.25% through 2026, which supports a stable Canadian dollar.
TD Securities economists Robert Both and Emma Lawrence project the Bank of Canada will maintain the overnight rate at 2.25% for the next two years. The firm anticipates a shift toward a neutral 2.75% rate only by 2027, signaling a prolonged period of monetary stability.
TD Securities expects the Bank of Canada to hold the overnight rate at 2.25% until 2026, followed by a hike to 2.75% in 2027.