February 3, 2026 Research themes: Monetary policy Our commitment is to keep inflation low, stable and predictable. To do this, we must understand what causes inflation and ensure our tools and framework remain fit for purpose in a world with more frequent supply disruptions.
March 12, 2012 Indicators of capacity and inflation pressures for Canada These tables are updated one day after the Bank’s most recent announcement date for the target overnight rate, based on information available up to that date. Quarterly data, with graphs and definitions.
October 7, 2024 Monetary policy Learn about the objective of Canada’s monetary policy and the main instruments used to implement it: the inflation-control target and the flexible exchange rate. See also how monetary policy works, how decisions are made and read related backgrounders.
June 8, 2010 Monetary Policy Report A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.
February 7, 2023 Monetary policy at work Remarks Tiff Macklem CFA Québec Québec, Québec Bank of Canada Governor Tiff Macklem explains how recent interest rate increases work their way through the Canadian economy to slow demand and bring inflation down. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
CBDC and Monetary Policy Staff analytical note 2020-4 Mohammad Davoodalhosseini, Francisco Rivadeneyra, Yu Zhu Improving the conduct of monetary policy is unlikely to be the main motivation for central banks to issue a central bank digital currency (CBDC). While some argue that a CBDC could allow more complex transfer schemes or the ability to break below the zero lower bound, we find these benefits might be small or difficult to realize in practice. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E41, E5, E51, E52 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation, Money and payments, Digital assets and fintech
August 25, 2010 Indicators related to market operations A table of indicators related to the implementation of monetary policy that includes the operating band, settlement balances and other Bank of Canada operations.
October 20, 2005 Release of the Monetary Policy Report Opening statement David Dodge In the report, we said that the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity. Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy. Content Type(s): Press, Speeches and appearances, Opening statements
April 14, 2005 Release of the Monetary Policy Report Opening statement David Dodge The Bank expects Canada's economy to grow by about 2 1/2 per cent in 2005 and 3 1/4 per cent in 2006, with growth this year and next coming primarily from strength in domestic demand. To continue to support aggregate demand, we decided to leave the target for the overnight rate unchanged at 2.5 per cent on 12 April. Content Type(s): Press, Speeches and appearances, Opening statements