News

• November 3, 2026

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 28, 2026

  Bank of Canada raises the policy rate by 25 basis points to 2½%

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.

  Content Type(s): Press, Press releases
• October 28, 2026

  Monetary Policy Report—October 2026

  

  Inflation in Canada has been higher than anticipated and is projected to remain around 3% through much of 2027. It then returns close to 2% by the middle of 2028. The outlook for growth has improved, but uncertainty remains elevated.

  Content Type(s): Publications, Monetary Policy Report
• October 28, 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
• October 19, 2026

  Business Outlook Survey—Third Quarter of 2026

  Results from the Business Outlook Survey and the Business Leaders’ Pulse indicate that firms’ sentiment improved in the third quarter. Most survey responses were collected before Canada-US trade talks broke down and new counter-tariffs were announced. Firms reported better outlooks for domestic and export sales, and investment intentions remained robust. Expectations for input and selling price growth and for inflation eased but remained elevated. Responses collected after trade talks broke down suggest that renewed trade tensions are dampening firms’ sentiment and export and investment outlooks. The new tariffs and counter-tariffs are putting upward pressure on costs, prices and inflation expectations.

  Content Type(s): Publications, Business Outlook Survey
• October 19, 2026

  Canadian Survey of Consumer Expectations—Third Quarter of 2026

  Results of the third-quarter 2026 survey show that consumers’ long-term inflation expectations rose to match elevated shorter-term expectations. Consumers continued to cite trade tensions and energy prices as key sources of inflation. Expectations at all horizons moved higher following the breakdown of trade talks between Canada and the United States. Before trade talks broke down, the Canadian Survey of Consumer Expectations (CSCE) indicator edged higher, reflecting improvements in consumers’ views of their financial health. Consumers cited gains in financial asset values and greater confidence in the labour market as reasons for these improved views of financial health. Workers’ perceptions of the labour market moved closer to their survey average. Perceptions improved among workers more exposed to trade with the United States but deteriorated among workers in sectors where artificial intelligence poses a higher risk of task replacement. At the same time, spending plans deteriorated from already weak levels as high prices and economic uncertainty continue to weigh on consumers.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• October 8, 2026

  Demographic changes are reshaping the Canadian economy

  

  An older population and fewer immigrants are changing the economy by shrinking the workforce and shifting what people consume.

  Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Monetary policy, Economy/Economic growth, Inflation
• October 1, 2026

  Canada’s housing affordability dilemma

  Remarks Carolyn Rogers Greater Victoria Chamber of Commerce and CFA Society Victoria Victoria, British Columbia

  Senior Deputy Governor Carolyn Rogers discusses housing affordability, focusing on how it became such a challenge over time and why there are no easy solutions.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
• September 29, 2026

  Repo markets and monetary policy implementation

  Remarks Toni Gravelle Bloomberg Canadian Finance Conference New York, New York

  Deputy Governor Toni Gravelle discusses how the Bank of Canada is supporting resilience in repurchase agreement (repo) markets and how our monetary policy implementation framework has evolved.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy
• September 24, 2026

  Global trade is changing how the Canadian economy works

  

  International trade benefits the Canadian economy, but changes to our trade relationships are now forcing businesses to adjust to a new reality.

  Content Type(s): Publications, The Economy, Plain and Simple