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This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 10, 2026.

Governor Tiff Macklem talks about how financial risks could combine with global imbalances to weaken the international system and outlines the adjustments needed to keep it strong.

The G7 Central Bank Quantum Technologies Working Group (QTWG) announces the publication of its report, “Preparing for Quantum Technologies: Key Considerations for Financial Sector Participants.” This document constitutes the first public deliverable of the working group.

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%.

Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the monetary policy decision.