Monetary Policy Report

January 20, 2021
Monetary Policy Report – January 2021

While a second wave of COVID-19 is hurting Canadians now, the economy should rebound strongly later in the year. The Bank is forecasting growth of around 4 percent this year and close to 5 percent in 2022.
Content Type(s): Publications, Monetary Policy Report
October 28, 2020
Monetary Policy Report – October 2020

The Bank expects Canada’s economy to grow by almost 4 percent on average in 2021 and 2022, following a decline of about 5 ½ percent in 2020.
Content Type(s): Publications, Monetary Policy Report
July 15, 2020
Monetary Policy Report – July 2020

The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.
Content Type(s): Publications, Monetary Policy Report
April 15, 2020
Monetary Policy Report – April 2020

Canada’s economy faces two significant shocks—the plunge in global oil prices and the impact of the COVID-19 pandemic.
Content Type(s): Publications, Monetary Policy Report
January 22, 2020
Monetary Policy Report – January 2020

The Bank projects that growth in the Canadian economy will accelerate from 1.6 percent this year to 2 percent in 2021.
Content Type(s): Publications, Monetary Policy Report
October 30, 2019
Monetary Policy Report – October 2019

The Bank projects that Canadian economy will grow by 1.5 percent this year, 1.7 percent in 2020 and 1.8 percent in 2021.
Content Type(s): Publications, Monetary Policy Report
July 10, 2019
Monetary Policy Report – July 2019

The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021.
Content Type(s): Publications, Monetary Policy Report
April 24, 2019
Monetary Policy Report – April 2019

The Bank’s new forecast calls for real economic growth of 1.2 per cent this year, 2.1 per cent next year and 2.0 per cent in 2021.
Content Type(s): Publications, Monetary Policy Report
January 9, 2019
Monetary Policy Report – January 2019

The Bank projects that Canadian economic growth will slow to 1.7 per cent this year before rebounding to 2.1 per cent in 2020.
Content Type(s): Publications, Monetary Policy Report
October 24, 2018
Monetary Policy Report – October 2018

The Bank projects that the Canadian economy will continue to grow in line with its potential through 2020.
Content Type(s): Publications, Monetary Policy Report