We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
October 23, 2024
Bank of Canada reduces policy rate by 50 basis points to 3¾%
The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.
Content Type(s):
Press,
Press releases
October 23, 2024
Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.
Monetary Policy Report—October 2024
Content Type(s):
Publications,
Monetary Policy Report
October 23, 2024
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the monetary policy decision.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
October 11, 2024
Results from the Business Outlook Survey and the Business Leaders’ Pulse show that inflationary pressures continue to ease. Firms feel appropriately equipped to meet current and anticipated soft demand. Their investment and hiring plans are therefore modest. Expectations for growth in wages, input costs and selling prices have continued to normalize as inflation has come down.
Business Outlook Survey—Third Quarter of 2024
Content Type(s):
Publications,
Business Outlook Survey
Our Monetary Policy Report is out!
— Bank of Canada (@bankofcanada) October 23, 2024
Explore key #economy and inflation trends in our quick video.
Check out the full report: https://t.co/fGnQvojH7x#cdnecon #EconomicTrends pic.twitter.com/wTqxLjcWai
Canadian dollar
Market notices
- October 24, 2024 Bank of Canada announces a change to Overnight Repo operations
- October 8, 2024 BATVN publishes an overview of the Canadian repo market
- September 24, 2024 Bank of Canada launches Securities Lending Program as replacement to Securities Repo Operations
- September 10, 2024 Government of Canada Debt Distribution Framework Review Consultations
- September 10, 2024 Debt Management Strategy Consultations – 2025-26
Upcoming events
- October 30, 2024 Appearance: Tiff Macklem, Governor, and Carolyn Rogers, Senior Deputy Governor
- November 4, 2024 Release: Market Participants Survey
- November 5, 2024 Publication: Summary of Deliberations
- November 6, 2024 Speech: Carolyn Rogers, Senior Deputy Governor
- November 7, 2024 The John Kuszczak Memorial Lecture