Browse press

Tiff Macklem, Governor of the Bank of Canada.
Interview with the WONK Podcast.

Tiff Macklem, Governor of the Bank of Canada, spoke to Amanda Lang on the WONK podcast.

Tiff Macklem, Governor of the Bank of Canada, gave an interview to Daichi Mishima of Nikkei America.

The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.

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

On Wednesday, September 17, 2025, 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. 

As of September 8, 2025, the Bank of Canada’s mandate to supervise Payment Service Providers (PSPs) under the Retail Payments Activities Act (RPAA) is in effect, including regulatory obligations related to operational risk and end-user funds safeguarding. The Bank and the Department of Finance have been made aware of possible unintended tax consequences for PSPs seeking to comply with the safeguarding requirements of the RPAA using the “in trust in a trust account” method.

Today the Bank of Canada’s mandate to supervise Payment Service Providers under the Retail Payment Activities Act came into effect.

Today the Bank of Canada’s mandate to supervise Payment Service Providers under the Retail Payment Activities Act came into effect.