April 16, 2025 Monetary Policy Report—April 2025—Appendix Canada’s potential output growth is anticipated to slow due to declining population growth and the ongoing trade conflict. The range for Canada’s neutral interest rate lies between 2.25% and 3.25%.
October 26, 2022 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements
March 6, 2020 Evaluating our approach to monetary policy James (Jim) C. MacGee, Rhys R. Mendes Inflation targeting has been successful in Canada over the past 30 years. But is it the best we can do? The Bank of Canada asks itself, and Canadians, that question every five years. Content Type(s): Publications, The Economy, Plain and Simple Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
October 19, 2006 Bank of Canada releases Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today released the October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases
April 2, 2012 Exporting in a Post-Crisis World Remarks Mark Carney Greater Kitchener Waterloo Chamber of Commerce Waterloo, Ontario Governor Mark Carney discusses why Canada’s exports are lagging and what can be done to respond to the underlying challenges. Content Type(s): Press, Speeches and appearances, Remarks
June 11, 2006 Evaluating Measures of Core Inflation Bank of Canada Review - Summer 2006 Thérèse Laflèche, Jamie Armour Since the Bank of Canada adopted inflation targeting in 1991, it has focused on a measure of core inflation as a shorter-term guide for monetary policy. When the targets were renewed in 2001, the Bank adopted CPIX as its measure of core inflation because of the advantages it offered. Leflèche and Armour review the experience with CPIX and whether the criteria used to select it in 2001 still favour the measure today. They describe the various measures of core inflation monitored by the Bank and evaluate them on the basis of the volatility of the components, the volatility of the core measures themselves, absence of bias relative to total CPI, predictive power, and certain practical criteria, including timeliness and credibility. They conclude that CPIX still satisfies all the empirical and practical criteria. Content Type(s): Publications, Bank of Canada Review articles
February 9, 2017 Getting to the Core of Inflation Remarks Lawrence L. Schembri Department of Economics, Western University London, Ontario Deputy Governor Lawrence Schembri discusses the uses and measures of core inflation in the conduct of monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Inflation, Inflation targeting framework
Assessing the US and Canadian neutral rates: 2025 update Staff analytical note 2025-16 Frida Adjalala, Felipe Alves, William Beaudoin, Hélène Desgagnés, Wei Dong, Ingomar Krohn, Jan David Schneider We assess both the US and Canadian nominal neutral rates to be in the range of 2.25% to 3.25%, unchanged from the range assessed in 2024. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E40, E43, E5, E50, E52, E58, F, F4, F41 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Real economy and forecasting, Structural challenges, Demographics and labour supply
September 1, 2026 Quarterly Research Update – 2026 Q2 This newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
January 8, 2007 Business Outlook Survey - Winter 2006-07 On balance, businesses expect their sales over the next 12 months to increase at a rate slightly above that posted during the preceding 12 months. Hiring and investment intentions have not changed significantly since the last survey. Content Type(s): Publications, Business Outlook Survey