July 24, 2024 Monetary Policy Report—July 2024—Overview 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.
February 6, 2024 Monetary policy: The right tool for the right job Remarks Tiff Macklem Montreal Council on Foreign Relations Montréal, Quebec Governor Tiff Macklem discusses how monetary policy is working to bring inflation down—and how it has worked to return inflation to target over the last 25 years. He also talks about the limits of monetary policy, and why the right focus is on controlling inflation in the medium term. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
January 29, 1999 Annual Report 1998 Inflation remained low for the seventh consecutive year, and the inflation target range of 1 to 3 per cent was extended to 2001. Content Type(s): Publications, Annual Report
July 22, 2004 Release of the Monetary Policy Report Opening statement David Dodge Let me start with our outlook for inflation. Higher-than-expected world oil prices mean that total CPI inflation is likely to remain above 2 per cent through the rest of this year, before falling slightly below core inflation in the second half of 2005. Content Type(s): Press, Speeches and appearances, Opening statements
April 23, 2003 Bank of Canada releases Monetary Policy Report Media Relations Ottawa, Ontario Since the October 2002 Monetary Policy Report, both core and total CPI inflation have been well above the 2 per cent inflation target. Content Type(s): Press, Press releases
November 20, 1996 Monetary Policy Report – November 1996 This Report outlines recent developments in the Canadian economy that affect the rate of inflation and provides an account of the measures taken by the Bank of Canada to control inflation. Content Type(s): Publications, Monetary Policy Report
Introducing a Systematic Measure of Idiosyncratic Prices Staff analytical note 2018-33 Madigan Dockrill, Laurence Savoie-Chabot There is a risk that Bank of Canada staff may inadvertently be biased when analyzing inflation: when inflation surprises on the downside, staff might emphasize negative idiosyncratic factors. When inflation surprises on the upside, staff might emphasize the positive idiosyncratic factors. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E3, E31 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures
October 22, 2003 Monetary Policy Report – October 2003 In the April Monetary Policy Report, the Bank noted that inflation was well above its 2 per cent target and that short-term inflation expectations had edged up. Content Type(s): Publications, Monetary Policy Report
July 12, 2023 Monetary Policy Report – July 2023 Inflation in Canada and around the world has been coming down. The Bank projects that inflation will stay around 3% for the next year, returning to the 2% target by the middle of 2025. Content Type(s): Publications, Monetary Policy Report
July 15, 2026 Monetary Policy Report—July 2026—Canadian economy—Current conditions Economic growth in Canada has been weak but is set to pick up. Headline inflation has risen above 3%. If oil prices and gasoline refinery margins decline as assumed, inflation should ease in the coming months. Inflation excluding gasoline remains near 2%.