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News
October 1, 2025
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on September 17, 2025.
September 23, 2025
Global trade, capital flows and Canada’s prosperity
Remarks
Tiff Macklem
Saskatchewan Trade and Export Partnership and the Greater Saskatoon Chamber of Commerce
Saskatoon, Saskatchewan
Governor Tiff Macklem discusses four megatrends that are transforming the global economic and financial landscape. He outlines how US tariffs are affecting the Canadian economy and what structural changes are needed to ensure Canada’s prosperity.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Research Topic(s):
Exchange rates,
Financial markets,
Financial stability,
Financial system regulation and policies,
Foreign reserves management,
Inflation and prices,
International financial markets,
International topics,
Monetary policy and uncertainty,
Productivity,
Recent economic and financial developments,
Trade integration
September 18, 2025
Making change—Accelerating payments innovation
Ron Morrow, Executive Director of Payments, Supervision and Oversight, talks about innovations in the payments ecosystem. He also highlights the Bank’s new role as supervisor of payment service providers.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Research Topic(s):
Cryptocurrencies,
Digital currencies and fintech,
Financial system regulation and policies,
Payment clearing and settlement systems,
Retail payments supervision
September 17, 2025
Bank of Canada lowers policy rate to 2½%
The Bank of Canada today reduced 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
Market notices
- September 19, 2025 Bank of Canada updates terms and conditions governing term repo operations
- August 14, 2025 Debt Management Strategy Consultations – 2026-27
- July 22, 2025 CFEC Releases Results of April 2025 Foreign Exchange Volume Survey
Upcoming events
- October 1, 2025 Fireside Chat: Carolyn Rogers, Senior Deputy Governor
- October 1, 2025 Publication: Summary of Deliberations
- October 2, 2025 Speech: Rhys Mendes, Deputy Governor
Canadian dollar