Posts

• January 28, 2026

  Reuters

  

  Tiff Macklem, Governor of the Bank of Canada.
  Interview with Reuters.

  Content Type(s): Press, Media activities
• January 28, 2026

  Bank of Canada Media Interview – Reuters

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Reuters.

  Content Type(s): Press, Media advisories
• January 28, 2026

  Bank of Canada maintains policy rate at 2¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

  Content Type(s): Press, Press releases
• 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.

  Content Type(s): Publications, Monetary Policy Report
• January 28, 2026

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

  On Wednesday, January 28, 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
• 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—Current conditions

  The Canadian economy continues to evolve as expected. Average quarterly growth was subdued in 2025, weighed down by US tariffs and slowing population growth. CPI inflation remains near the 2% target.
• 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—Global economy

  Global growth is expected to remain solid, supported by the boom in investment in artificial intelligence and by fiscal stimulus in several major economies.