National· August 16, 2026 at 11:16 p.m.
Canadian Business Highlights for the Coming Week: Inflation, Interest Rates, and Economic Growth
Key takeaways
- Bank of Canada to announce interest rate decision
- Rising inflation may lead to a rate hike
- Statistics Canada to release GDP data
- Earnings reports from major Canadian companies
The Bank of Canada is expected to announce its decision on interest rates this week. Economists predict a hold, but some believe a rate hike could be imminent due to rising inflation. Meanwhile, Statistics Canada will release the latest GDP data, which may indicate the health of the economy. The Canadian dollar has been volatile recently, and these releases could further impact its value. Additionally, earnings reports from major companies like Shopify and Cineplex will provide insights into their financial performance and future prospects.
