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

OTTAWA – On Wednesday, October 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.

Time

09:45 (Eastern Time)

Embargo

At 07:00 (ET), journalists are invited to review the rate announcement press release, under embargo, at the Bank’s head office in Ottawa.
Journalists wishing to attend must confirm their presence by contacting Media Relations before noon (ET) on Tuesday, October 27, 2026. Those who have not registered will not be admitted to the lock-up.

At 9:45 (ET), the lock-up ends and the embargo is lifted.

Media Briefing Session

At 08:30 (ET), senior Bank officers will provide background information and respond to questions on the content of the MPR. Information gathered at the session may be used freely in news reports and commentaries, provided it is not attributed to the Bank or its officers. Electronic recording is not permitted.

Distribution

The rate announcement press release and the Monetary Policy Report will be available at 9:45 (ET) on the Bank’s website.

Media Availability

At 10:30 (ET) Tiff Macklem, Governor of the Bank of Canada, and Carolyn Rogers, Senior Deputy Governor, will hold a press conference in the Bank of Canada’s auditorium. The opening statement will be available on the Bank’s website at 9:45 (ET).

All media wishing to attend must register with the Bank in advance. To register, please contact Media Relations before 17:00 (ET) on Tuesday, October 27, 2026. Journalists, camera operators and still photographers who have not registered will not be admitted to the press conference.

Broadcasters needing to set up equipment will be granted access beginning at 9:45 (ET).

Webcast

Audio and video webcasts of the press conference will be accessible from the Bank’s website.

Note

For more information, please contact .