April 29, 2026
Bank of Canada maintains policy rate at 2¼%
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%.
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News
April 29, 2026
Monetary Policy Report—April 2026
The Canadian economy is expected to grow at a moderate pace as it continues to adjust to US tariffs. Inflation has moved up due to higher oil prices linked to the war in the Middle East. It is projected to then ease back to the 2% target in 2027.
Content Type(s):
Publications,
Monetary Policy Report
April 29, 2026
Monetary Policy Report Press Conference Opening Statement
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
April 20, 2026
Bank of Canada announces the appointment of two Deputy Governors
The Board of Directors of the Bank of Canada today announced the appointment of Marc-André Gosselin and Nicolas Vincent as Deputy Governors, effective May 25 and August 3, 2026, respectively.
Content Type(s):
Press,
Press releases
Market notices
- April 8, 2026 Spring 2026 Debt Management Strategy Consultations
- March 25, 2026 Bank of Canada Resumes Market Operations
- March 24, 2026 Bank of Canada Delays Market Operations