July 21, 2026 Bank Note Confidence Survey The Bank of Canada supplies Canadians with bank notes they can use with confidence—notes that are readily accepted and secure against counterfeiting. To monitor and assess public confidence in the authenticity of bank notes, we survey a representative sample of 2,700 residents of Canada biannually.
July 20, 2026 Summary of comments—Spring 2026 Debt Management Strategy consultations Today, the Spring 2026 Debt Management Strategy Consultations Summary is being published. Content Type(s): Press, Market notices
July 15, 2026 Bank of Canada Media Interview – The Globe and Mail Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper. Content Type(s): Press, Media advisories
July 15, 2026 Bank of Canada maintains the policy rate at 2¼% Media Relations Ottawa, Ontario The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Content Type(s): Press, Press releases
July 15, 2026 Monetary Policy Report—July 2026 Canada’s economy has been weak but is showing signs of improvement. Growth is expected to pick up, and inflation is projected to ease to around 2%. Uncertainty remains elevated. Content Type(s): Publications, Monetary Policy Report
July 15, 2026 Monetary Policy Report—July 2026—Canadian economy—Tariff and other assumptions Trade within North America remains mostly free of tariffs, but some industries have been heavily affected by sector-specific measures. Oil prices are assumed to decline.
July 15, 2026 Monetary Policy Report—July 2026—Canadian economy—Outlook Economic growth is expected to pick up over the projection horizon, rising above potential output growth. Inflation is elevated in the near term before returning to target as cost pressures fade and excess capacity is absorbed.
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%.
July 15, 2026 Monetary Policy Report—July 2026—Overview After a year of weakness, Canada’s economy is showing signs of improvement. Growth is expected to pick up, and inflation eases gradually from its recent peak. Uncertainty is still high.