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May 4, 2026
Opening Statement before the House of Commons Standing Committee on Finance
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Opening statements
April 29, 2026
Bank of Canada maintains policy rate at 2¼%
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
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Press,
Press releases
April 29, 2026
Monetary Policy Report—April 2026
The Canadian economy is expected to grow at a moderate pace as it continues to adjust to US tariffs. Inflation has moved up due to higher oil prices linked to the war in the Middle East. It is projected to then ease back to the 2% target in 2027.
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Publications,
Monetary Policy Report
April 29, 2026
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the monetary policy decision.
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Press,
Speeches and appearances,
Opening statements