News

The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021.

Results from the summer Business Outlook Survey point to a slight improvement in business sentiment after a moderation in the previous survey. Investment and hiring intentions continue to be healthy.

For household lending, mortgage conditions eased, while non-mortgage lending conditions remained unchanged. Overall business lending conditions eased slightly, driven mainly by small and commercial businesses outside the Prairies as well as corporates.

The Bank’s cyber security strategy charts our course to reduce risk and promote resilience for the years 2019 to 2021.

Deputy Governor Lawrence Schembri explains how Canada’s monetary policy framework—inflation targeting underpinned by a flexible exchange rate—has proved to be the most durable in the post-war period.