Centurion Asset Management chief economist Carl Gomez says that despite recession talk and rising idle-capacity concerns, the BOC’s policy remains modestly accommodative. The policy rate is 2.25%, at the lower end of the BOC’s estimated neutral-rate range. Gomez does not expect two consecutive quarters of GDP decline to materially affect Wednesday’s policy decision, citing strong May employment data that largely reversed weakness from early 2026. He adds the BOC will continue firm rhetoric to re

Centurion Asset Management chief economist Carl Gomez says that despite recession talk and rising idle-capacity concerns, the BOC’s policy remains modestly accommodative. The policy rate is 2.25%, at the lower end of the BOC’s estimated neutral-rate range. Gomez does not expect two consecutive quarters of GDP decline to materially affect Wednesday’s policy decision, citing strong May employment data that largely reversed weakness from early 2026. He adds the BOC will continue firm rhetoric to reinforce its anti-inflation credentials and anchor CPI expectations.