August 5, 2025
Public consultation highlights for the next $5 note
Highlights and comprehensive reports related to the $5 bank NOTE-able consultation and design process.
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July 31, 2025
Valet API: How-to guide
Learn more about the Bank of Canada Valet API before getting started with finding available data, making API calls and accessing exchange rates. -
July 30, 2025
Bank of Canada holds policy rate at 2¾%
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. -
July 30, 2025
Monetary Policy Report—July 2025
Tariffs are significantly higher than they were at the start of 2025, and it is extremely difficult to predict how US trade policy will play out. Canadian economic activity has slowed but is showing signs of resilience. While inflation is close to 2%, underlying inflation has picked up. -
July 30, 2025
Monetary Policy Report—July 2025—Canadian economy—Scenario assumptions
With some new tariff agreements in place, the range of trade policy outcomes has narrowed. Nevertheless, the situation remains fluid and difficult to predict. Canada’s economic outlook therefore continues to be highly dependant on assumptions about how US trade policy could unfold. -
July 30, 2025
Monetary Policy Report—July 2025
Tariffs are significantly higher than they were at the start of 2025, and it is extremely difficult to predict how US trade policy will play out. Canadian economic activity has slowed but is showing signs of resilience. While inflation is close to 2%, underlying inflation has picked up. -
July 30, 2025
Monetary Policy Report—July 2025—In focus—The path of US tariffs remains uncertain
Because the trade environment remains so uncertain, the path for Canadian growth and inflation is less clear than usual. If the trade conflict were to escalate or de-escalate, those shifts would alter economic outcomes. -
July 30, 2025
Monetary Policy Report—July 2025—Overview
US tariffs are significantly higher than they were at the start of 2025, and US trade policy remains unpredictable. Inflation is near 2%, although underlying price pressures have picked up. With uncertainty about US trade policy still high, the outlook for the Canadian economy remains clouded. -
July 30, 2025
Monetary Policy Report—July 2025—Canadian economy—Current conditions
Canadian economic activity has slowed considerably because of the trade conflict but is showing signs of resilience. While inflation is close to 2%, underlying inflation has risen to about 2½%. -
July 30, 2025
Bank of Canada interest rate announcement and release of the Monetary Policy Report
On Wednesday, July 30, 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 rate decision.