June 17, 2025 Understanding our policy interest rate At the heart of the Bank of Canada’s monetary policy is the target for the overnight rate. See what it is—and what it means for you. Content Type(s): Explainers Subject(s): Monetary policy, Economy/Economic growth, Inflation targeting framework
August 6, 2024 Bank of Canada publishes its 2025 schedule for policy interest rate announcements and other major publications Media Relations Ottawa, Ontario The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. Content Type(s): Press, Press releases
February 5, 2026 Understanding structural change Speech summary Tiff Macklem Empire Club of Canada Toronto, Ontario Governor Tiff Macklem talks about structural change in the economy and explains what it means for the Bank of Canada’s monetary policy. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation
Does Unconventional Monetary and Fiscal Policy Contribute to the COVID Inflation Surge in the US? Staff working paper 2024-38 Jing Cynthia Wu, Yinxi Xie, Ji Zhang We assess whether unconventional monetary and fiscal policy implemented in response to the COVID-19 pandemic in the U.S. contribute to the 2021-2023 inflation surge through the lens of several different empirical methodologies and establish a null result. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E31, E5, E52, E6, E63 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy tools and implementation
The Doug Purvis Memorial Lecture—Monetary/Fiscal Policy Mix and Financial Stability: The Medium Term Is Still the Message Staff discussion paper 2016-13 Stephen S. Poloz In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix of monetary and fiscal policies can yield the same outcomes for growth and inflation, but lead to different results for public sector and private sector debt levels, which can impact financial stability. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E3, E37, E5, E6, E63 Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
May 26, 2026 Canada’s labour market: between cycles and structural change Remarks Nicolas Vincent Centre interuniversitaire de recherche en analyse des organisations (CIRANO) Montréal, Quebec External Deputy Governor Nicolas Vincent explores the factors driving recent shifts in Canada’s labour market and the implications for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth
December 7, 1998 Bank of Canada Governor Addresses Greater Victoria Chamber of Commerce Media Relations Victoria, British Columbia Bank of Canada Governor Gordon Thiessen today reviewed the impact of turmoil in the global economy and international financial markets on Canada's economy and monetary policy. Content Type(s): Press, Press releases
February 17, 2026 The Governor's Challenge The Governor’s Challenge simulates the monetary policy decision-making process by putting students in the role of advisor to the Bank’s Governing Council.