The Bank expects Canada’s economy to grow by almost 4 percent on average in 2021 and 2022, following a decline of about 5 ½ percent in 2020.
What you need to know about the Bank of Canada’s assessment of the Canadian economy.
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.
Monetary Policy Report - Press Conference (Webcasts) - October 2020
Release of the Monetary Policy Report - Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn A. Wilkins. (11:00 (ET) approx.).
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.