News

• November 6, 2025

  Opening Statement before the Senate Standing Committee on Banking, Commerce and the Economy

  Opening statement Tiff Macklem Senate Standing Committee on Banking, Commerce and the Economy Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• November 5, 2025

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 29, 2025

  Bank of Canada lowers policy rate to 2¼%

  Media Relations Ottawa, Ontario

  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%.

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

  Monetary Policy Report—October 2025

  

  Canada’s economy is adjusting to tariffs and the sharp drop in demand for exports. The reconfiguration of global trade and domestic production is leading to higher costs. Total inflation has been around 2%, while underlying inflation remains about 2½%.

  Content Type(s): Publications, Monetary Policy Report
• October 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
• October 27, 2025

  Free Family Events at the Bank of Canada Museum for Financial Literacy Month

  This November, the Bank of Canada Museum invites visitors to celebrate the 15^th anniversary of Financial Literacy Month (FLM) with a full lineup of free, hands-on activities that make money management approachable, practical, and fun for all ages.

  Content Type(s): Press, Announcements
• October 20, 2025

  Business Outlook Survey—Third Quarter of 2025

  Results from the Business Outlook Survey and the Business Leaders’ Pulse reveal that firms’ outlooks and intentions remain subdued despite a gradual improvement in sentiment. Expectations for growth in domestic and export sales are still soft. Most firms do not plan to increase staffing, and investment intentions are restrained. While businesses continue to expect cost increases from tariffs and trade uncertainty, weak demand limits their ability to pass these costs through to prices. One-year-ahead inflation expectations remain below the peak reached earlier in the trade conflict.

  Content Type(s): Publications, Business Outlook Survey
• October 20, 2025

  Canadian Survey of Consumer Expectations—Third Quarter of 2025

  Results of the third-quarter 2025 survey show that tariffs and trade tensions continue to affect consumers' perceptions about their financial health and spending plans. The CSCE indicator rose modestly from its most recent low, improved by slight gains in financial health and household spending intentions. But perceptions of labour market conditions deteriorated further, driven in part by a sharp drop in job-finding prospects for public sector workers. Consumers’ short-term inflation expectations remain above their pre-pandemic averages, and expectations for longer-term inflation have picked up again.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• October 9, 2025

  Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in Canada during April 2025

  Media Relations Ottawa, Ontario

  In April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest triennial survey of turnover activity in the foreign exchange (FX) and over-the-counter (OTC) derivatives markets in their respective countries.

  Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
• October 9, 2025

  Productivity’s competitive edge

  Remarks Carolyn Rogers Canadian Club Toronto Toronto, Ontario

  Senior Deputy Governor Carolyn Rogers discusses how productivity growth can boost Canada’s prosperity and resilience. She also outlines how upcoming financial sector reforms are designed to increase competition.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Financial institutions, Financial services, Financial system regulation and policies, Firm dynamics, Productivity