January 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
January 21, 2010 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario Paul and I are pleased to be here with you today to discuss the January Monetary Policy Report, which we published this morning. Content Type(s): Press, Speeches and appearances, Opening statements
December 15, 2023 Lessons learned and looking ahead Speech summary Tiff Macklem Canadian Club Toronto Toronto, Ontario In his year-end remarks, Governor Tiff Macklem discusses how lessons learned from recent economic volatility are reshaping the way the Bank of Canada conducts economic analysis and communicates with the public. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
January 23, 2001 Bank of Canada lowers Bank Rate to 5 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 3/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 1/2 per cent. Content Type(s): Press, Press releases
August 16, 2000 Release of the Monetary Policy Report Update Opening statement Gordon Thiessen This morning we released our update to the May Monetary Policy Report. Overall, the outlook for Canadian economic growth and inflation is positive. Economic activity in Canada has remained strong since our May Report. Nonetheless, the underlying trend of inflation has been unexpectedly low - in the bottom half of our 1 to 3 per […] Content Type(s): Press, Speeches and appearances, Opening statements
April 25, 2018 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are pleased to be back before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published last week. When we were last here at the beginning of November, we saw signs that the Canadian economy was moderating after an […] Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
October 8, 2008 Central Banks Announce Coordinated Interest Rate Reductions Media Relations Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets. Content Type(s): Press, Press releases
April 24, 2019 Bank of Canada maintains overnight rate target at 1 ¾ per cent Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Content Type(s): Press, Press releases
More Money for Some: The Redistributive Effects of Open Market Operations Staff working paper 2021-46 Christian Bustamante I use a search-theoretic model of money to study how open market operations affect the conduct of monetary policy and what this means for households along the wealth distribution. In the model, households vary in the size and composition of their portfolios, which in turn implies that they may be unevenly affected by open market operations. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E21, E3, E32, E5, E52 Research Theme(s): Financial system, Household and business credit, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
July 12, 2004 Business Outlook Survey - Summer 2004 Businesses are somewhat more optimistic about the outlook than they were in the spring, reflecting increased confidence about the robustness of the global economic recovery. Content Type(s): Publications, Business Outlook Survey