News

• April 29, 2022

  The Bank of Canada Museum is reopening

  The Bank of Canada Museum will reopen on May 12, 2022, after being closed for the past two years due to the COVID-19 pandemic.

  Content Type(s): Press, Announcements
• April 27, 2022

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Tiff Macklem Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 26, 2022

  The Bank of Canada Releases Its Annual Report for 2021

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2021 was tabled in the House of Commons today. The Report is now available on the Bank’s website.

  Content Type(s): Press, Press releases
• April 25, 2022

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 13, 2022

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 13, 2022

  Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.

  Content Type(s): Press, Press releases
• April 13, 2022

  Monetary Policy Report – April 2022

  

  Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023.

  Content Type(s): Publications, Monetary Policy Report
• April 4, 2022

  Business Outlook Survey—First Quarter of 2022

  In the first-quarter 2022 Business Outlook Survey, reports of labour-related capacity constraints and supply chain challenges remain widespread. Given these pressures and robust demand, businesses anticipate stronger price growth—and they expect the Russian invasion of Ukraine to add more cost pressures. As public health restrictions ease, firms that were hit hard during the pandemic anticipate their sales will pick up.

  Content Type(s): Publications, Business Outlook Survey
• April 4, 2022

  Canadian Survey of Consumer Expectations—First Quarter of 2022

  This survey took place in mid-February 2022 before Russia invaded Ukraine on February 24, 2022. Follow-up interviews took place in March and provide some insight into how consumers perceive the effects of the conflict. Short-term inflation expectations have reached record-high levels because of supply disruptions and the COVID 19 pandemic. Consumers think the Russian invasion of Ukraine will make high inflation worse. Despite greater concerns about inflation today, longer-term expectations have remained stable and are below pre-pandemic levels. This suggests that long-term inflation expectations remain well anchored and that survey respondents believe the current rise in inflation will not last. Although workers anticipate significant price increases in the near term, they believe their wages will increase only modestly. This is a source of dissatisfaction for them. Despite expecting higher interest rates, consumers continue to anticipate strong spending growth on a broad range of goods and services.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• March 31, 2022

  Bank of Canada announces the recipients of the 2022 Fellowship Program Awards

  Learn about the recipients of the Fellowship and Governor’s Awards for 2022.

  Content Type(s): Press, Announcements Source(s): Fellowship Program