October 28, 2026 Bank of Canada Media Interview – Good Question with Amanda Lang Tiff Macklem, Governor of the Bank of Canada, spoke to Amanda Lang on the Good Question podcast. Content Type(s): Press, Media advisories
October 28, 2026 Bank of Canada Media Interview – Radio-Canada Nicolas Vincent, Deputy Governor of the Bank of Canada, will give an interview to Radio-Canada première’s Midi Info. Content Type(s): Press, Media advisories
October 28, 2026 Indicators of capacity and inflation pressures for Canada These tables are updated one day after the Bank’s most recent announcement date for the target overnight rate, based on information available up to that date. Quarterly data, with graphs and definitions.
October 28, 2026 Bank of Canada raises the policy rate by 25 basis points to 2½% Media Relations Ottawa, Ontario The Bank of Canada today increased 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%. Content Type(s): Press, Press releases
October 28, 2026 Monetary Policy Report—October 2026 Inflation in Canada has been higher than anticipated and is projected to remain around 3% through much of 2027. It then returns close to 2% by the middle of 2028. The outlook for growth has improved, but uncertainty remains elevated. Content Type(s): Publications, Monetary Policy Report
October 28, 2026 Monetary Policy Report—October 2026—Canadian economy—Tariff and other assumptions Oil prices and refinery margins remain elevated and are assumed to decline gradually. Trade between Canada and the United States remains mostly tariff-free. But the breakdown in negotiations has led to new tariffs and increased uncertainty.
October 28, 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
October 28, 2026 Monetary Policy Report—October 2026—Canadian economy—Outlook Inflation remains above 3% through much of 2027. It then eases gradually because energy and import cost pressures take time to pass through. Growth is projected to strengthen to 2% in 2027 and 2028.
October 28, 2026 Monetary Policy Report—October 2026—Global economy Reduced oil supply from the Middle East and strains on refining capacity are pushing up inflation globally. Higher energy prices are weighing on economic activity. Global growth remains resilient, boosted by strong AI‑related investment.