Deliberations from the Bank of Canada’s governing council indicate that members are divided over how sustainable the recent economic rebound will be. According to accounts of the council’s discussions around the central bank’s July 15 rate decision, some officials see the rebound as likely to persist, while others question how long it can continue and whether the recovery is durable. The Bank of Canada kept its benchmark interest rate unchanged at 2.25% for a sixth consecutive decision, reflecting its assessment of incoming economic data and the outlook for inflation. The differing views in the governing council point to a lack of consensus on the strength and duration of growth following the rebound, even as the central bank maintains its policy rate. The published discussion excerpts do not resolve the disagreement, but they show internal debate over the trajectory of the economy and the implications for future policy decisions.