Press

On Thursday, November 6, 2025, the Bank of Canada will host its annual economic conference. This year’s theme is “Central Banking and the Future of Payments”. Academics, policy-makers, private sector economists and representatives from policy think tanks will be among those in attendance.

On Thursday, November 6, 2025, the Governor of the Bank of Canada, Tiff Macklem, will appear before the Standing Senate Committee on Banking, Commerce and the Economy. He will be accompanied by Senior Deputy Governor Carolyn Rogers.

The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

Canada’s economy is adjusting to tariffs and the sharp drop in demand for exports. The reconfiguration of global trade and domestic production is leading to higher costs. Total inflation has been around 2%, while underlying inflation remains about 2½%.