We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
April 10, 2024
April 10, 2024
Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025.
Monetary Policy Report – April 2024
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Publications,
Monetary Policy Report
April 10, 2024
Monetary Policy Report Press Conference Opening Statement
Opening statement
Tiff Macklem
Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the policy rate decision.
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Press,
Speeches and appearances,
Opening statements
April 1, 2024
Business sentiment and sales growth expectations have stopped falling, according to firms responding to the Business Outlook Survey and the Business Leaders’ Pulse. But demand remains subdued, which is allowing price pressures and the labour market to ease. As a result, fewer firms than in the previous survey are planning unusually large or frequent price increases over the next 12 months.
Business Outlook Survey—First Quarter of 2024
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Business Outlook Survey
April 1, 2024
Consumers believe inflation has slowed, but expectations for inflation in the near term have barely changed. Sticky inflation expectations may be due to elevated uncertainty about near-term inflation and still-high expectations for interest rates and rent costs over the next 12 months. Long-term inflation expectations have increased from low levels. Relative to last quarter, consumers now think domestic factors supporting high inflation, such as high government spending and elevated housing costs, will take longer to resolve. High inflation and high interest rates continue to impact household budgets and spending decisions, but consumers are less pessimistic about the economic outlook. After easing for several quarters, perceptions of the labour market have stabilized, and high inflation expectations continue to support stronger-than-average expectations for wage growth.
Canadian Survey of Consumer Expectations—First Quarter of 2024
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Publications,
Canadian Survey of Consumer Expectations
Our Monetary Policy Report is out!
— Bank of Canada (@bankofcanada) April 10, 2024
Explore key #economy and inflation trends in our quick video.
Check out the full report: https://t.co/B11Sf1eqrq#cdnecon #EconomicTrends pic.twitter.com/drMwUjsrMS
Canadian dollar
Market notices
- April 17, 2024 Introduction of one-month treasury bill
- April 15, 2024 CARR to begin publishing data on the transition of CDOR based loans to CORRA
- March 14, 2024 Release of the 2023 Bank of Canada FMI Oversight Activities Annual Report
- February 14, 2024 Start date for the morning auction of Receiver General cash balances
- February 8, 2024 Webpage for Government of Canada purchases of Canada Mortgage Bonds
Upcoming events
- April 22, 2024 Release: Market Participants Survey
- April 24, 2024 Publication: Summary of Deliberations
- May 9, 2024 Publication: Financial System Review
- May 9, 2024 Release: Financial System Survey
- May 10, 2024 Release: Senior Loan Officer Survey