News

Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. The Bank judges that the economy is now operating further above its production potential than was projected in April.

Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report.

The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent.

The principal mission of the Bank of Canada is the formulation and implementation of Canada's national monetary policy to promote the economic and financial welfare of the country.

Now, Manitoba – right in the middle of our vast country – might seem an odd place to talk about globalization. But this province, like the rest of Canada, is very much affected by global economic forces.