Bank of Canada Expected to Cut Key Rate Despite Mixed Inflation, Jobs Data

A cyclist rides past the Bank of Canada in Ottawa, on Sept. 17, 2025. The Canadian Press/Adrian Wyld

Most economists expect the Bank of Canada will look past strong jobs data and signs of stubbornness on the inflation front to deliver a second consecutive interest rate cut this week.

BMO chief economist Doug Porter is among those expecting a second straight cut on Wednesday, but he admits recent economic data hasn’t perfectly lined up with that call.