July 12, 2023 Bank of Canada raises policy rate 25 basis points, continues quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Content Type(s): Press, Press releases
February 3, 2016 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Stephen Murchison Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario Stephen Murchison discusses the causes and economic impact of movements in the Canadian dollar exchange rate. Content Type(s): Press, Speeches and appearances, Opening statements
August 21, 2003 Summer 2003 Consultation Document The purpose of these consultations is to obtain the views of market participants on issues relating to the design and operation of the government Real Return Bond (RRB) program.
February 21, 2025 Renewing Canada’s 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. Our review is underway, and the framework will be renewed in 2026 for a five-year period.
Which Model to Forecast the Target Rate? Staff working paper 2017-60 Bruno Feunou, Jean-Sébastien Fontaine, Jianjian Jin Specifications of the Federal Reserve target rate that have more realistic features mitigate in-sample over-fitting and are favored in the data. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E43 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Real economy and forecasting
April 25, 2012 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Mark Carney Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. The profile for global economic growth has improved since the Bank released its January MPR. Europe is expected to emerge slowly from recession in the second half of 2012, […] Content Type(s): Press, Speeches and appearances, Opening statements
April 18, 2012 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Press conference following the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
April 29, 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
June 21, 2023 Summary of Governing Council deliberations: Fixed announcement date of June 7, 2023 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 7, 2023. Content Type(s): Publications, Summary of deliberations
November 20, 2018 Choosing the Best Monetary Policy Framework for Canada Remarks Carolyn A. Wilkins McGill University Max Bell School of Public Policy Montréal, Quebec Senior Deputy Governor Carolyn A. Wilkins discusses public policy issues around monetary policy frameworks and how those issues have become more complex in the post-global financial crisis world. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economic models, Economy/Economic growth, Inflation targeting framework