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September 2, 2026

Press Conference: Policy Rate Announcement — September 2026

Interest Rate Announcement – Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).

September 2, 2026

Interest Rate Announcement

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.

Content Type(s): Upcoming events

Canadian businesses’ use of AI: What the evidence shows

Sparks at Bank article Chanya Chawla, Crystal Arnburg
As businesses worldwide are adopting artificial intelligence to boost productivity, little has been known about how businesses in Canada are using it. Survey results from the Bank of Canada show that AI adoption remains at an early stage for many Canadian businesses. As well, businesses expect AI to affect capital spending and employment, but only gradually.

Time Use and Consumption Expenditures

Staff working paper 2026-29 Daniela Hauser, Stefano Gnocchi, Laure Simon
This paper shows that consumption activities toward which households reallocate more time in recessions see larger expenditure declines, revealing a systematic link between time-use and expenditure cyclicality. A two-sector New Keynesian model shows this time-expenditure substitution explains roughly forty percent of consumption's response to monetary policy shocks.
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