BoC Meeting Minutes: Ahead of the Bank of Canada's July 15 rate announcement, some governing council members were split over the sustainabil

Potential Growth Risks Include Failure Of Businesses To Continue To Adapt To Tariffs, Reduced Resilience In Consumer Spending, Stalled Housing Markets In Major Cities - Given Resumption Of Growth And Easing Inflation. Members Agreed The Trade-Off Facing MonPol Had Diminished - Members Agreed Uncertainty Was Still High, In Part Due To Unpredictability Of Mideast Conflict - Members Saw Limited Evidence That Higher Oil Prices Were Spilling Over To Prices Of Other Goods & Services - Members Agreed To Reiterate In Communications That They Would Not Let Higher Oil Prices Lead To Persistent Inflation - Members Felt The Longer Oil Prices Remain Elevated, The Bigger The Risk Their Inflationary Effects Broaden - Some Members Were Concerned About Signs Of Upward Drift In Medium-Term Inflation Expectations, But All Agreed Longer-Term Inflation Expectations Remained Well Anchored