Canada’s shifting position in global maritime trade Sparks at Bank article Geoffrey R. Dunbar, Patrick McKelvey, Tessa Peer, Walter Steingress, Ben Tomlin Canada’s economic prosperity depends on trade. But global maritime shipping networks have been reshaped in ways that have reduced Canada’s relative connectivity and carrying capacity. This less-central role for the country could mean greater exposure to supply chain disruptions that could increase the cost of doing business. Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Inflation dynamics and pressures, Structural challenges, International trade, finance and competitiveness
April 29, 2026 Bank of Canada Media Interview – Le Devoir Tiff Macklem, Governor of the Bank of Canada, gave an interview to Éric Desrosiers of Le Devoir. Content Type(s): Press, Media advisories
April 29, 2026 Bank of Canada Media Interview – The Canadian Press Bank of Canada Governor Tiff Macklem gave an interview to Craig Lord of the Canadian Press. Content Type(s): Press, Media advisories
April 29, 2026 Bank of Canada maintains 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
April 29, 2026 Monetary Policy Report—April 2026 The Canadian economy is expected to grow at a moderate pace as it continues to adjust to US tariffs. Inflation has moved up due to higher oil prices linked to the war in the Middle East. It is projected to then ease back to the 2% target in 2027. Content Type(s): Publications, Monetary Policy Report
April 29, 2026 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the monetary policy decision. Content Type(s): Press, Speeches and appearances, Opening statements
April 29, 2026 Bank of Canada interest rate announcement and release of the Monetary Policy Report On Wednesday, April 29, 2026, 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
April 29, 2026 Monetary Policy Report—April 2026—In focus— The war in the Middle East is affecting the Canadian economy in several ways. Inflation will be higher in the near term, but the magnitude and persistence of the increase is uncertain. The net impact on growth is expected to be small.