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Story summary
- Canada announced a C$25 billion wealth fund and expects the 2025-26 deficit below C$78.3 billion.
- Bank of Canada Governor Tiff Macklem kept the rate at 2.25 % April 29, 2026, warned oil prices may trigger hikes, and said inflation may hit 3 % in April.
- The Bank of Canada said inflation will fall to 2 % by 2027 if oil drops to US$75 and projected GDP growth of 1.2 % in 2026, up to 1.7 % by 2028.
