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  • January 28, 2026

    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.

    Content Type(s): Upcoming events
  • January 28, 2026

    Monetary Policy Report—January 2026—Overview

    US tariffs and the unpredictability of future trade arrangements are disrupting the Canadian economy. Growth in Canada is expected to remain modest, while inflation stays close to 2%.
  • January 28, 2026

    Monetary Policy Report—January 2026—Canadian economy—Outlook

    US trade restrictions have disrupted the Canadian economy, leading to structural adjustments that will take time to unfold. Economic growth is expected to remain modest. Excess supply roughly offsets upward cost pressures over the projection horizon, keeping inflation close to the 2% target.
  • January 28, 2026

    Monetary Policy Report—January 2026

    The Canadian economy continues to adjust to US tariffs and the new global trade landscape. This adjustment will take time and growth is expected to be modest. Inflation is projected to remain near the 2% target.
  • January 28, 2026

    Monetary Policy Report—January 2026—Risks

    With geopolitical uncertainty elevated and Canada’s trade agreement with the United States and Mexico under review, risks around the outlook are unusually high.
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