04/29/2026
Special Report | Spring Economic Statement: April 28, 2026; Canada’s economic growth appears to be flatlining over the next five years, according to the Spring
Economic Update (SEU), but despite the sputter in volatile and unpredictable economic
conditions, the good news is that there are no unpleasant tax hikes in this budget, and the Bank of
Canada agreed today that longer term expectations for inflation have not changed, even if oil prices
rise. It held its key interest rate at 2.25%. Highlights of the SEU are summarized here and in more
detail in the following pages.
