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%.
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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%. -
October 29, 2025
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 monetary policy decision. -
October 29, 2025
Bank of Canada interest rate announcement and release of the Monetary Policy Report
On Wednesday, October 29, 2025, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the interest rate decision. -
October 29, 2025
Interest Rate Announcement and Monetary Policy Report
09:45 (ET)
On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Four times a year, Governing Council presents the Monetary Policy Report: the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks. -
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 15th 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. -
October 20, 2025
The Bank of Canada releases the third quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations
On Monday, October 20, 2025, the Bank of Canada will release the third quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations. -
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. -
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. -
October 20, 2025
Release: Business Outlook Survey and Canadian Survey of Consumer Expectations
10:30 (ET)
The Business Outlook Survey is a summary of interviews conducted by the Bank's regional offices with business leaders from about 100 firms, selected in accordance with the composition of Canada's gross domestic product. The Canadian Survey of Consumer Expectations is a quarterly survey aimed at measuring household views of inflation, the labour market and household finances, as well as topical issues of interest to the Bank of Canada.