May 6, 2024
Bank of Canada updates progress on new $20 note
On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note.
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May 3, 2024
The Bank of Canada releases its 2023 Annual Report and Report on Climate Risks
The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The Bank of Canada also released its second annual report outlining the risks that climate change poses to its mandate and operations. -
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April 24, 2024
Summary of Governing Council deliberations: Fixed announcement date of April 10, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on April 10, 2024. -
April 22, 2024
Market Participants Survey—First Quarter of 2024
The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants. -
April 10, 2024
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. -
April 10, 2024
Monetary Policy Report – April 2024
Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025. -
April 10, 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. -
April 1, 2024
Business Outlook Survey—First Quarter of 2024
Business sentiment and sales growth expectations have stopped falling, according to firms responding to the Business Outlook Survey and the Business Leaders’ Pulse. But demand remains subdued, which is allowing price pressures and the labour market to ease. As a result, fewer firms than in the previous survey are planning unusually large or frequent price increases over the next 12 months.