June 25, 2026 Consulting with Canadians on the monetary policy framework Every five years, the Bank of Canada and the Government of Canada review and renew the agreement on Canada’s monetary policy framework. The agreement will be renewed before the end of 2026. To inform this process, the Bank consulted with the public and a wide range of stakeholders. This report summarizes the findings.
June 25, 2026 Stakeholder views on the 2026 monetary policy framework renewal To help shape the renewal research agenda, the Bank engaged with private sector economists and academics in 2024. In 2025–26, the Bank consulted financial institutions and pension funds, business and employer associations, unions, think tanks, consumer groups and community organizations.
October 29, 2025 Monetary Policy Report—October 2025—In focus—Assessing underlying inflation The goal of monetary policy is to keep total inflation close to the 2% target. But inflation can be volatile, and it takes time for changes to interest rates to filter through the economy. This is why, when setting policy, it is important to distinguish between temporary movements in inflation and lasting ones.
November 10, 2025 Market Participants Survey—Third Quarter of 2025 The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants. Content Type(s): Publications, Market Participants Survey
November 30, 2010 Real Return Bonds - Index Ratio See the historical index ratios for Real Return Bonds.
Is anyone surprised? The high-frequency impact of US and domestic macroeconomic data announcements on Canadian asset prices Staff analytical note 2025-10 Blake DeBruin Martos, Rodrigo Sekkel, Henry Stern, Xu Zhang Using almost two decades of detailed high-frequency data, we show how Canadian interest rates, the CAD/USD spot exchange rate, and stock market returns react to both US and domestic macro announcements. We find that Canadian macroeconomic announcements invoke greater responses in short-term yields, whereas US macroeconomic announcements play an increasingly important role in the yield movements of longer-term assets. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G14, G15 Research Theme(s): Financial markets and funds management, International markets and currencies, Market functioning, Monetary policy, Real economy and forecasting
July 24, 2024 Monetary Policy Report—July 2024 Monetary policy is working to reduce price pressures in the Canadian economy. Core inflation is expected to ease gradually, while the path of CPI inflation will be bumpy. Inflation returns sustainably to the 2% target in the second half of 2025. Content Type(s): Publications, Monetary Policy Report
October 23, 2024 Monetary Policy Report—October 2024—Overview Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.
December 13, 2021 Opening statement by Tiff Macklem Opening statement Tiff Macklem National Press Theatre Ottawa, Ontario Governor Tiff Macklem discusses the renewed monetary policy framework agreed upon by the Government of Canada and the Bank of Canada. Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework