Bank of Canada acknowledges uncertainty ahead of October 28 rate decision

The Bank of Canada has flagged elevated uncertainty ahead of its October 28 rate decision, signaling a flexible stance on monetary policy. The acknowledgment comes as officials weigh economic stability risks without committing to a fixed path for rates. The central bank’s cautious tone matters for rate-sensitive sectors, including crypto markets, where liquidity conditions and risk appetite often track monetary policy expectations. Traders will watch the October 28 decision and accompanying guidance for signals on the rate trajectory and any shift in the bank’s assessment of economic conditions.