Posts

• July 15, 2026

  Monetary Policy Report—July 2026

  

  Canada’s economy has been weak but is showing signs of improvement. Growth is expected to pick up, and inflation is projected to ease to around 2%. Uncertainty remains elevated.

  Content Type(s): Publications, Monetary Policy Report
• July 15, 2026

  Bank of Canada interest rate announcement  and release of the Monetary Policy Report 

  On Wednesday, July 15, 2026, 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. 

  Content Type(s): Press, Media advisories
• July 15, 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
• July 15, 2026

  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
• July 6, 2026

  Release: Business Outlook Survey and Canadian Survey of Consumer Expectations

  11:30 (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.

  Content Type(s): Upcoming events
• July 6, 2026

  Backgrounder on the Business Outlook Survey questions on the magnitude of change in sales, investment, employment and prices

  In 2016 and 2017, the Bank of Canada added questions to the Business Outlook Survey on firms’ expectations for the magnitude of change in their sales volumes, number of employees, investment spending, input prices and selling prices. This backgrounder describes how the responses are aggregated and examines their relationship with macroeconomic and price measures.

  Content Type(s): Background materials
• July 6, 2026

  Business Outlook Survey—Second Quarter of 2026

  Results from the Business Outlook Survey and the Business Leaders’ Pulse indicate that firms’ sentiment has deteriorated. Domestic sales outlooks have weakened amid heightened geopolitical uncertainty and elevated costs related to fuel, while export outlooks have improved because of stronger demand for commodities. Investment intentions remain solid, but fewer firms plan to add staff. More firms now expect their input and selling prices to rise, reflecting higher global oil prices. Firms’ inflation expectations are also higher than in recent quarters. Oil producers have revised their capital spending and production plans upward, citing expectations of sustained elevated oil prices.

  Content Type(s): Publications, Business Outlook Survey
• July 6, 2026

  The Bank of Canada releases the second quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations

  On Monday, July 6, 2026, the Bank of Canada will release the second quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations.

  Content Type(s): Press, Media advisories
• July 6, 2026

  Backgrounder on new summary indicators for the Business Outlook Survey

  The Business Outlook Survey is introducing two new summary indicators—one measuring firms’ outlooks for business activity and another measuring their outlooks for price growth. This backgrounder explains how the indicators are constructed, why they were developed and how they relate to macroeconomic series of interest.

  Content Type(s): Background materials
• July 6, 2026

  Canadian Survey of Consumer Expectations—Second Quarter of 2026

  Results of the second-quarter 2026 survey show that consumers’ near-term inflation expectations remain elevated amid ongoing trade tensions and rising concerns about oil and energy prices linked to the war in the Middle East. The CSCE indicator remains low as consumers still view the economic environment as challenging. High prices and economic uncertainty continue to weigh on household spending plans, particularly among households expecting the war to significantly raise inflation. At the same time, perceptions of the labour market improved modestly as fears of job loss eased, particularly in sectors highly sensitive to trade.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations