Posts

• 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
• July 30, 2025

  Interest Rate Announcement and Monetary Policy Report

  09:45 (ET)
  On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Four times a year, Governing Council presents the Monetary Policy Report: the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.

  Content Type(s): Upcoming events
• July 22, 2025

  CFEC Releases Results of April 2025 Foreign Exchange Volume Survey

  The Canadian Foreign Exchange Committee (CFEC) released today the results of its April 2025 semi-annual survey of foreign exchange volumes in Canada.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
• July 21, 2025

  Business Outlook Survey—Second Quarter of 2025

  Tariffs and related uncertainty continue to weigh on firms, according to results from the Business Outlook Survey and the Business Leaders’ Pulse. While overall sales outlooks remain weak, outlooks for exports have recovered somewhat, with worst-case trade scenarios appearing less likely. Firms remain cautious in their hiring and investment plans. Some businesses reported cost pressures from tariffs, but competition and weak demand are constraining price pass-through to customers. In this context, firms’ short-term inflation expectations are lower than they were last quarter.

  Content Type(s): Publications, Business Outlook Survey
• July 21, 2025

  The Bank of Canada releases the second quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations

  On Monday, July 21, 2025, the Bank of Canada will release the second quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations.

  Content Type(s): Press, Media advisories
• July 21, 2025

  Canadian Survey of Consumer Expectations—Second Quarter of 2025

  Overall, results of the second-quarter 2025 survey show that the CSCE indicator—a measure developed to summarize the opinions of Canadian consumers—declined again this quarter as spending intentions continued to weaken due to the persistent threats of tariffs and related uncertainty. Consumers still see the labour market as soft, and their fear of job loss is elevated. The trade conflict is leading consumers to become increasingly cautious about their spending plans and to change their spending behaviour. Consumers’ short-term inflation expectations have changed little since increasing markedly in the first quarter of 2025. This quarter, more consumers cited tariffs as the most important factor affecting the Bank of Canada’s ability to control inflation.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• July 21, 2025

  Release: Business Outlook Survey and Canadian Survey of Consumer Expectations

  10:30 (ET)
  The Business Outlook Survey is a summary of interviews conducted by the Bank's regional offices with business leaders from about 100 firms, selected in accordance with the composition of Canada's gross domestic product. The Canadian Survey of Consumer Expectations is a quarterly survey aimed at measuring household views of inflation, the labour market and household finances, as well as topical issues of interest to the Bank of Canada.

  Content Type(s): Upcoming events
• July 17, 2025

  Discontinuation of one-month treasury bill

  As announced in the 2025-26 Debt Management Strategy, the Government of Canada will be discontinuing the one-month treasury bill. This is in line with the policy intent to introduce it on a temporary basis as previously outlined in the federal 2024 Budget and a market notice. The last one-month treasury bill auction will occur on 29 July 2025.

  Content Type(s): Press, Market notices
• July 17, 2025

  How economic uncertainty disrupts investment

  

  Business investment plays a pivotal role in economic growth.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Expectations, International topics, Price stability, Productivity, Trade integration

• Synthesizing Signals from the Canadian Survey of Consumer Expectations

  Staff Discussion Paper 2025-11 Jacob Dolinar, Patrick Sabourin, Matt West

  We introduce the Canadian Survey of Consumer Expectations indicator. This indicator provides a summary measure of consumer opinions that we can track over time. We construct three underlying sub-indexes—financial health, labour market and consumer spending—that capture different factors influencing consumers’ daily lives.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Business fluctuations and cycles, Central bank research JEL Code(s): D, D1, D12, D8, D84, E, E2, E21, E3, E32, E7, E71