No Cuts Expected: RBC and Scotiabank see the Bank of Canada holding its benchmark rate at 2.75% through late 2025.
Economic Resilience: Growth remains stronger than earlier recession fears despite trade tensions with the U.S.
Labour Market Strength: 83,000 jobs added last month; unemployment at 6.9%.
Inflation Still High: Core inflation above 3% keeps pressure on the central bank to stay cautious.
