October 29, 2025
Bank of Canada lowers policy rate to 2¼%
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).
Evolving Payments Ecosystem—Executive Director of Payments, Supervision and Oversight the Bank of Canada, Ron Morrow delivers a keynote speech and participates in a Fireside Chat at The ONE Conference of the Chartered Professional Accountants Canada (CPA) (15:30 (ET) approx.).
Interest Rate Announcement — Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).