News

• October 2, 2025

  Underlying inflation: Separating the signal from the noise

  Remarks Rhys R. Mendes Ivey Business School London, Ontario

  Deputy Governor Rhys Mendes speaks about how the Bank of Canada assesses underlying inflation, including the use of measures of core inflation. He also touches on the renewal of the monetary policy framework, which happens in 2026.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Inflation and prices, Inflation targets, Monetary policy communications, Monetary policy framework, Price stability
• October 1, 2025

  Summary of Governing Council deliberations: Fixed announcement date of September 17, 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.

  Content Type(s): Publications, Summary of deliberations
• 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

  Remarks Ron Morrow CPA The One conference Ottawa, Ontario

  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%

  Media Relations Ottawa, Ontario

  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
• September 17, 2025

  Monetary Policy Decision Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the monetary policy decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• September 12, 2025

  The evolution of how we pay for things

  

  New technologies new payments possibilities. Learn more about how these innovations can make purchases easier, but also introduce new risks.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Cyber security, Digital currencies and fintech, Digitalization, Financial services, Payment clearing and settlement systems, Retail payments supervision
• September 8, 2025

  Bank of Canada begins supervising Payment Service Providers

  Today the Bank of Canada’s mandate to supervise Payment Service Providers under the Retail Payment Activities Act came into effect.

  Content Type(s): Press, Announcements Research Topic(s): Retail payments supervision
• August 26, 2025

  Flexible inflation targeting in a shock-prone world

  Remarks Tiff Macklem Bank of Mexico 100ᵗʰ Anniversary Seminar Mexico City, Mexico

  Governor Tiff Macklem discusses how inflation targeting became a leading strategy for maintaining price stability and how the Bank of Canada is ensuring its monetary policy framework is fit for future challenges.

  Content Type(s): Press, Speeches and appearances Research Topic(s): Central bank research, Credibility, Economic models, Inflation targets, International topics, Monetary policy and uncertainty, Monetary policy framework, Price stability
• August 13, 2025

  Canada Border Services Agency and Royal Canadian Mounted Police win Bank of Canada counterfeit deterrence award

  The Bank of Canada is pleased to announce the recipients of its 2025 Law Enforcement Award of Excellence for Counterfeit Deterrence.

  Content Type(s): Press, Announcements