Bank of Canada surveys show confidence waning among the public. Canadians say the bank has struggled to explain inflation well, raising concerns. Economists argue the bank should begin publishing its rate forecasts, to guide markets. The bank still aims for a 2 % inflation target, maintaining its primary goal. It warns numerous consumers feel the pinch on their bills, adding pressure.
In the United States, Minneapolis Fed chief Neel Kashkari says the Fed will raise rates once in 2026. In Japan, ING now expects the Bank of Japan to raise rates in October. Both outlooks could sway borrowing costs worldwide.