Bank of Canada Forecasts 2026 Inflation at 2.5%, 2027 at 2.0%

The Bank of Canada forecast that inflation will average 2.5% in 2026, up from its April estimate of 2.3%. According to Jin10, the central bank also projected inflation at 2.0% in 2027, down from 2.1%, and at 2.1% in 2028.