August 11, 2025 Release: Market Participants Survey 10:30 (ET) The Market Participants Survey is conducted quarterly. Bank of Canada staff reach out to a diverse set of participants in financial markets to gather their views on key macroeconomic and financial variables as well as on monetary policy. Content Type(s): Upcoming events
August 5, 2025 Public consultation highlights for the next $5 note Highlights and comprehensive reports related to the $5 bank NOTE-able consultation and design process.
July 30, 2025 Bank of Canada holds policy rate at 2¾% Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. Content Type(s): Press, Press releases
July 30, 2025 Monetary Policy Report—July 2025 Tariffs are significantly higher than they were at the start of 2025, and it is extremely difficult to predict how US trade policy will play out. Canadian economic activity has slowed but is showing signs of resilience. While inflation is close to 2%, underlying inflation has picked up. Content Type(s): Publications, Monetary Policy Report
July 30, 2025 Monetary Policy Report—July 2025—Canadian economy—Scenario assumptions With some new tariff agreements in place, the range of trade policy outcomes has narrowed. Nevertheless, the situation remains fluid and difficult to predict. Canada’s economic outlook therefore continues to be highly dependant on assumptions about how US trade policy could unfold.
July 30, 2025 Monetary Policy Report—July 2025—In focus—The path of US tariffs remains uncertain Because the trade environment remains so uncertain, the path for Canadian growth and inflation is less clear than usual. If the trade conflict were to escalate or de-escalate, those shifts would alter economic outcomes.
July 30, 2025 Monetary Policy Report—July 2025—Overview US tariffs are significantly higher than they were at the start of 2025, and US trade policy remains unpredictable. Inflation is near 2%, although underlying price pressures have picked up. With uncertainty about US trade policy still high, the outlook for the Canadian economy remains clouded.
July 30, 2025 Monetary Policy Report—July 2025—Canadian economy—Current conditions Canadian economic activity has slowed considerably because of the trade conflict but is showing signs of resilience. While inflation is close to 2%, underlying inflation has risen to about 2½%.
July 30, 2025 Bank of Canada interest rate announcement and release of the Monetary Policy Report On Wednesday, July 30, 2025, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision. Content Type(s): Press, Media advisories