Posts

• July 15, 2026

  Monetary Policy Report—July 2026—Projections

  The outlook for Canadian growth is broadly unchanged. After a weaker-than-expected start to 2026, GDP growth is projected to be slightly stronger in 2027 and 2028. Although near-term inflation has been a bit higher than anticipated, the outlook for inflation is little changed.
• July 15, 2026

  Monetary Policy Report—July 2026—Risks

  The evolution of Canada’s trade relationship with the United States and the war in the Middle East remain the two most important risks to the outlook for inflation.
• July 15, 2026

  Monetary Policy Report—July 2026—In focus—War‑related supply disruptions are passing through to consumer prices

  The conflict in the Middle East has generated both direct and indirect cost pressures that continue to feed through supply chains. These cost pressures are material for the inflation outlook.
• July 15, 2026

  Bank of Canada interest rate announcement  and release of the Monetary Policy Report 

  On Wednesday, July 15, 2026, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. 

  Content Type(s): Press, Media advisories
• July 15, 2026

  Interest Rate Announcement and Monetary Policy Report

  09:45 (ET)
  On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Four times a year, Governing Council presents the Monetary Policy Report: the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.

  Content Type(s): Upcoming events
• July 15, 2026

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

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

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 6, 2026

  Release: Business Outlook Survey and Canadian Survey of Consumer Expectations

  11:30 (ET)
  The Business Outlook Survey is a summary of interviews conducted by the Bank's regional offices with business leaders from about 100 firms, selected in accordance with the composition of Canada's gross domestic product. The Canadian Survey of Consumer Expectations is a quarterly survey aimed at measuring household views of inflation, the labour market and household finances, as well as topical issues of interest to the Bank of Canada.

  Content Type(s): Upcoming events
• July 6, 2026

  Backgrounder on the Business Outlook Survey questions on the magnitude of change in sales, investment, employment and prices

  In 2016 and 2017, the Bank of Canada added questions to the Business Outlook Survey on firms’ expectations for the magnitude of change in their sales volumes, number of employees, investment spending, input prices and selling prices. This backgrounder describes how the responses are aggregated and examines their relationship with macroeconomic and price measures.

  Content Type(s): Background materials
• July 6, 2026

  Business Outlook Survey - References

  Access reference material to accompany the Business Outlook Survey (BOS).
• July 6, 2026

  Business Outlook Survey Data

  Each quarter, the Business Outlook Survey results are based on interviews with senior management of about 100 firms.