News

The Bank projects that growth in the Canadian economy will accelerate from 1.6 percent this year to 2 percent in 2021.

The Bank of Canada announces it is creating a working group with five other central banks and the Bank for International Settlements to assess the potential cases for central bank digital currencies.

Results from the winter Business Outlook Survey suggest that business sentiment is broadly positive except in the Prairies, where indicators remain weak. In aggregate, firms’ outlook is supported by expectations of healthy domestic and foreign sales.

Survey results suggest that consumers’ inflation expectations declined slightly in the fourth quarter of 2019. Consumers’ expectations for their wage growth were largely the same as in the previous survey. Consumer expectations for house price growth went up somewhat in Canada.

Governor Stephen S. Poloz talks about key issues for the Bank at the beginning of 2020.