Elevated energy prices stemming from the ongoing Middle East conflict have kept Canadian headline CPI at 3.0% year-over-year through August 2026, with gasoline contributing the bulk of the increase and raising upside risks to the Bank of Canada's inflation outlook. This dynamic has shifted market-implied odds toward a possible 25-basis-point hike at the October 28 meeting, even as core measures remain contained near 2% and U.S. tariff uncertainty clouds growth prospects. The policy rate has held at 2.25% since earlier in the year, with the central bank noting the current stance appears appropriate absent sustained pass-through from oil. Traders are weighing resilient Q2 GDP and employment data against downside risks from trade frictions, positioning a hold as the slight consensus while flagging the October Monetary Policy Report and upcoming labor releases as key near-term catalysts.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedNo Change 54.6%
25 bps increase 42.3%
50+ bps increase <1%
25 bps decrease <1%
$98,056 Vol.
$98,056 Vol.
50+ bps increase
<1%
25 bps increase
42%
No Change
55%
25 bps decrease
<1%
50+ bps decrease
<1%
No Change 54.6%
25 bps increase 42.3%
50+ bps increase <1%
25 bps decrease <1%
$98,056 Vol.
$98,056 Vol.
50+ bps increase
<1%
25 bps increase
42%
No Change
55%
25 bps decrease
<1%
50+ bps decrease
<1%
The resolution source will be official information from the Bank of Canada, including the statement or release from its October 2026 interest rate announcement, scheduled for October 28, 2026, as listed on the official Bank of Canada calendar (https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/#target-dates). This market may resolve as soon as the statement or release of the Bank of Canada resulting from its October 2026 interest rate decision with relevant data is issued.
If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound.
If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of “Increase” or “Decrease” will include policy rate increases or decreases of any size.
If the specified announcement is postponed to a date and time before the start of the next scheduled announcement, this market will resolve based on the outcome of that postponed announcement. If the specified announcement is cancelled, or postponed such that no decision is announced by the start of the next scheduled announcement, this market will resolve to the “No Change” bracket. Emergency changes to the specified rate not resulting from the specified announcement will not be considered.
Market Opened: Jul 15, 2026, 9:50 PM ET
Resolver
0x69c47De9D...The resolution source will be official information from the Bank of Canada, including the statement or release from its October 2026 interest rate announcement, scheduled for October 28, 2026, as listed on the official Bank of Canada calendar (https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/#target-dates). This market may resolve as soon as the statement or release of the Bank of Canada resulting from its October 2026 interest rate decision with relevant data is issued.
If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound.
If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of “Increase” or “Decrease” will include policy rate increases or decreases of any size.
If the specified announcement is postponed to a date and time before the start of the next scheduled announcement, this market will resolve based on the outcome of that postponed announcement. If the specified announcement is cancelled, or postponed such that no decision is announced by the start of the next scheduled announcement, this market will resolve to the “No Change” bracket. Emergency changes to the specified rate not resulting from the specified announcement will not be considered.
Resolver
0x69c47De9D...Elevated energy prices stemming from the ongoing Middle East conflict have kept Canadian headline CPI at 3.0% year-over-year through August 2026, with gasoline contributing the bulk of the increase and raising upside risks to the Bank of Canada's inflation outlook. This dynamic has shifted market-implied odds toward a possible 25-basis-point hike at the October 28 meeting, even as core measures remain contained near 2% and U.S. tariff uncertainty clouds growth prospects. The policy rate has held at 2.25% since earlier in the year, with the central bank noting the current stance appears appropriate absent sustained pass-through from oil. Traders are weighing resilient Q2 GDP and employment data against downside risks from trade frictions, positioning a hold as the slight consensus while flagging the October Monetary Policy Report and upcoming labor releases as key near-term catalysts.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated


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