News

• February 20, 2025

  Protecting yourself from scams

  Here’s how to recognize and report a scam.

  Content Type(s): Press, Announcements
• February 12, 2025

  Summary of Governing Council deliberations: Fixed announcement date of January 29, 2025

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 29, 2025.

  Content Type(s): Publications, Summary of deliberations
• February 11, 2025

  Bank of Canada announces appointment of second external Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Michelle Alexopoulos as an external Deputy Governor for a term of two years, effective March 17, 2025.

  Content Type(s): Press, Press releases
• February 6, 2025

  Structural change, supply shocks and hard choices

  Remarks (delivered virtually) Tiff Macklem Bank for International Settlements Mexico City, Mexico

  In panel remarks, Governor Tiff Macklem highlights the challenges ahead and discusses the role of monetary policy in a world with more structural change and supply shocks.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credibility, Inflation and prices, International topics, Monetary policy and uncertainty, Monetary policy framework, Price stability, Recent economic and financial developments
• February 3, 2025

  University of Ottawa crowned National Champion of The Governor’s Challenge

  The Bank of Canada is pleased to announce the University of Ottawa has won the tenth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Announcements Source(s): The Governor's Challenge
• January 30, 2025

  Award-winning exhibition “Money in 10 Questions: Kids Edition” hits the road across Canada

  The Bank of Canada Museum is thrilled to announce the nationwide tour of its award-winning travelling exhibition, Money in 10 Questions: Kids Edition, kicking off at the Lloydminster Museum + Archives from January 31 to April 27, 2025.

  Content Type(s): Press, Announcements
• January 29, 2025

  Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.

  Content Type(s): Press, Press releases
• January 29, 2025

  Monetary Policy Report—January 2025

  

  Economic growth has ticked up in Canada, boosted by past cuts in interest rates. In the absence of new tariffs, growth is forecast to strengthen, and inflation remains close to 2%. But the threat of new tariffs is causing major uncertainty.

  Content Type(s): Publications, Monetary Policy Report
• January 29, 2025

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  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
• January 20, 2025

  Business Outlook Survey—Fourth Quarter of 2024

  Results from the Business Outlook Survey and the Business Leaders’ Pulse show that overall business conditions remain subdued, but firms are beginning to anticipate improvements in activity. Sales outlooks continue to show signs of improvement after a period of weakness. Yet many businesses still have spare capacity, which is reducing their need to expand. Firms expect cost growth, including wages, to soften further. Expectations for inflation moved slightly higher but remain within the Bank of Canada’s target range.

  Content Type(s): Publications, Business Outlook Survey