September 4, 2024
Monetary Policy Decision Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.
News
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August 27, 2024
How high productivity helps fight inflation
Higher productivity helps keep prices down and wages up. It gives workers more money to spend and increases the value they get when they spend it. And it allows businesses to weather cost increases without having to raise prices. All together, these factors drive economic growth. -
August 14, 2024
Canada Border Services Agency wins Bank of Canada counterfeit deterrence award
The Bank of Canada is pleased to announce the recipients of its 2024 Law Enforcement Award of Excellence for Counterfeit Deterrence. -
August 8, 2024
Bank of Canada engages experts to assess internal review of exceptional policy actions during pandemic
The Bank of Canada announced today the names of three external experts who will provide an independent assessment of its review of exceptional policy actions taken during the COVID-19 pandemic. -
August 7, 2024
Summary of Governing Council deliberations: Fixed announcement date of July 24, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 24, 2024. -
August 6, 2024
Bank of Canada publishes its 2025 schedule for policy interest rate announcements and other major publications
The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. -
August 2, 2024
Market Participants Survey—Second Quarter of 2024
The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants. -
July 24, 2024
Bank of Canada reduces policy rate by 25 basis points to 4½%
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. -
July 24, 2024
Monetary Policy Report—July 2024
Monetary policy is working to reduce price pressures in the Canadian economy. Core inflation is expected to ease gradually, while the path of CPI inflation will be bumpy. Inflation returns sustainably to the 2% target in the second half of 2025. -
July 24, 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 policy rate decision.