Monetary Policy Report - Bank of Canada

Latest Monetary Policy Reports

January 20, 2021

Monetary Policy Report – January 2021

Monetary Policy Report – January

While a second wave of COVID-19 is hurting Canadians now, the economy should rebound strongly later in the year. The Bank is forecasting growth of around 4 percent this year and close to 5 percent in 2022.

Content Type(s): Publications, Monetary Policy Report

October 28, 2020

Monetary Policy Report – October 2020

Monetary Policy Report – October

The Bank expects Canada’s economy to grow by almost 4 percent on average in 2021 and 2022, following a decline of about 5 ½ percent in 2020.

Content Type(s): Publications, Monetary Policy Report

July 15, 2020

Monetary Policy Report – July 2020

Monetary Policy Report

The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.

Content Type(s): Publications, Monetary Policy Report

April 15, 2020

Monetary Policy Report – April 2020

Monetary Policy Report – April

Canada’s economy faces two significant shocks—the plunge in global oil prices and the impact of the COVID-19 pandemic.

Content Type(s): Publications, Monetary Policy Report

January 22, 2020

Monetary Policy Report – January 2020

Monetary Policy Report – January

The Bank projects that growth in the Canadian economy will accelerate from 1.6 percent this year to 2 percent in 2021.

Content Type(s): Publications, Monetary Policy Report

October 30, 2019

Monetary Policy Report – October 2019

The Bank projects that Canadian economy will grow by 1.5 percent this year, 1.7 percent in 2020 and 1.8 percent in 2021.

Content Type(s): Publications, Monetary Policy Report

July 10, 2019

Monetary Policy Report – July 2019

The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021.

Content Type(s): Publications, Monetary Policy Report

April 24, 2019

Monetary Policy Report – April 2019

The Bank’s new forecast calls for real economic growth of 1.2 per cent this year, 2.1 per cent next year and 2.0 per cent in 2021.

Content Type(s): Publications, Monetary Policy Report

January 9, 2019

Monetary Policy Report – January 2019

The Bank projects that Canadian economic growth will slow to 1.7 per cent this year before rebounding to 2.1 per cent in 2020.

Content Type(s): Publications, Monetary Policy Report

October 24, 2018

Monetary Policy Report – October 2018

The Bank projects that the Canadian economy will continue to grow in line with its potential through 2020.

Content Type(s): Publications, Monetary Policy Report