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News
October 28, 2026
Bank of Canada raises the policy rate by 25 basis points to 2½%
The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.
Content Type(s):
Press,
Press releases
October 28, 2026
Monetary Policy Report—October 2026
Inflation in Canada has been higher than anticipated and is projected to remain around 3% through much of 2027. It then returns close to 2% by the middle of 2028. The outlook for growth has improved, but uncertainty remains elevated.
Content Type(s):
Publications,
Monetary Policy Report
October 28, 2026
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
Market notices
- October 29, 2026 Bank of Canada Expands Access to Eligible Non-Primary Dealer Government Securities Distributors to Select Market Operations
- September 29, 2026 Bank of Canada and OSFI Issue Joint Statement on Use of the Bank’s Standing Liquidity Facility
- August 13, 2026 CIMPA and CDS announce the start of the trial period for the fail fee framework for Government of Canada securities transactions
Upcoming events
- November 3, 2026 Appearance: Tiff Macklem, Governor, and Carolyn Rogers, Senior Deputy Governor
- November 5, 2026 Appearance: Tiff Macklem, Governor, and Carolyn Rogers, Senior Deputy Governor
- November 9, 2026 Release: Market Participants Survey