We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
If you still hold Canada Savings Bonds, please be advised that the telephone contact number 1-877-899-3599 has been discontinued. If you called that number since February 2024, you may have been exposed to a scam. If so, contact the Canadian Anti-Fraud Centre at 1‑888‑495‑8501. For information about Canada Savings Bonds, contact the Unclaimed Properties Office at 1‑833‑876‑2267.
News
July 15, 2024
July 15, 2024
Consumers’ perceptions of inflation are unchanged from a quarter ago, but their expectations for near-term inflation declined significantly. While both measures have improved substantially in recent quarters, they remain higher than they were before the COVID‑19 pandemic. Most consumers continue to think that domestic factors are contributing to high inflation. Sentiment remains subdued and unchanged from last quarter, as high inflation and elevated interest rates continue to constrain people’s budgets. Perceived financial stress remains high, most consumers continue to report spending cuts, and pessimism about future economic conditions persists. Canadians’ perceptions of the labour market have weakened this quarter, especially among private sector employees. Yet overall wage growth expectations reached a new survey high, driven by public sector employees.
Canadian Survey of Consumer Expectations—Second Quarter of 2024
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
June 24, 2024
Making the labour market work for everyone
Governor Tiff Macklem talks about how the labour market has adjusted to higher interest rates and slower economic growth. He also discusses how a strong, inclusive labour market is key to growth in the long run.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Labour markets,
Monetary policy,
Productivity
June 19, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 5, 2024.
Summary of Governing Council deliberations: Fixed announcement date of June 5, 2024
Content Type(s):
Publications,
Summary of deliberations
June 13, 2024
Reviewing our pandemic actions
Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures the Bank of Canada used during the COVID-19 pandemic and analyzes their effectiveness.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Central bank research,
Coronavirus disease (COVID-19),
Credibility,
Economic models,
Financial stability,
Inflation and prices,
Inflation targets,
Interest rates,
Monetary policy,
Monetary policy and uncertainty,
Monetary policy communications,
Recent economic and financial developments
Why do #GasPrices fluctuate so much from day to day?
— Bank of Canada (@bankofcanada) July 12, 2024
Find out in our latest article: https://t.co/nKR6nMaT7H#cdnecon #economy pic.twitter.com/rvGDarU9hx
Canadian dollar
Market notices
- July 12, 2024 Bank of Canada announces increases to the dealer and round limits for Overnight Repo operations
- June 26, 2024 CFIF-BATVN publishes an educational primer on Canadian Asset-Backed Commercial Paper
- June 11, 2024 Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility
- June 10, 2024 CARR provides guidance for CDOR-based loans, derivatives and securities that do not have a robust fallback in place for CDOR’s cessation post June 28, 2024
- May 16, 2024 Move to T+1 settlement for Government of Canada securities auctions
Upcoming events
- July 15, 2024 Release: Business Outlook Survey and Canadian Survey of Consumer Expectations
- July 24, 2024 Interest Rate Announcement and Monetary Policy Report
- August 2, 2024 Release: Market Participants Survey
- August 5, 2024 Civic Holiday
- August 7, 2024 Publication: Summary of Deliberations