October 29, 2025 Monetary Policy Report—October 2025—Canadian economy—Outlook The ongoing trade conflict is fundamentally reshaping Canada’s economy and will have a lasting negative impact on economic activity. At the same time, the reconfiguration of global trade and domestic production is putting upward pressure on costs. Reflecting these two competing forces, inflation remains near the 2% target over the projection horizon.
October 29, 2025 Monetary Policy Report—October 2025—Projections Economic growth in Canada is projected to strengthen from around 0.75% in the second half of 2025, with annual growth averaging 1.4% over 2026 and 2027. Inflation is expected to remain around 2% over the projection horizon.
October 29, 2025 Monetary Policy Report—October 2025—Canadian economy—Tariff assumptions Many countries have signed new trade agreements with the United States. US tariffs continue to be in flux, and the future of trade in North America remains uncertain.
October 29, 2025 Monetary Policy Report—October 2025—Canadian economy—Current conditions Canadian economic growth has slowed, reflecting the disruptive effects of US tariffs and a decline in population growth. Exports and business investment have slumped. After being close to 2% for several months, CPI inflation was 2.4% in September.
October 21, 2025 Registry of payment service providers Search the list of registered payment services providers.