Daily News

Source: Bankofcanada November 03, 2021

Bank of Canada announces climate change commitments for COP26

Addressing climate change is a global challenge. While the Government of Canada has the primary responsibility for climate change policy, the Bank of Canada recogniz...

FP Economy Source: Financialpost October 29, 2021

Canada's economy stutters and stalls amid supply bottlenecks

September's pullback was led by drops in retail and manufacturing Canada’s economic growth unexpectedly faltered at the end of the third quarter, casting doubts on the strength of the nation’s recovery. Gross domestic product was little changed in...

Source: Bankofcanada October 27, 2021

Monetary Policy Report - October 2021

The Canadian economy is once again growing robustly, and the recovery from COVID-19 continues. The Bank is forecasting growth of around 5 percent in 202...

Source: Bankofcanada October 27, 2021

Bank of Canada maintains policy rate and forward guidance, ends quantitative easing

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary f...

Source: Bankofcanada October 27, 2021

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with you—in person—to discuss today’s policy announcement and the Bank’s Monetary Policy Report (MPR). It seems fi...

FP Economy Source: Financialpost October 26, 2021

Bank of Canada on the cusp of capping stimulus, paving the way for rate hikes

The sooner the bank stops adding support to the economy, the faster it's expected to pivot to a tightening cycle The Bank of Canada will continue pulling back its support for the economy at a policy decision this week, paving the way for the start...

FP Economy Source: Financialpost October 22, 2021

Retail sales fall in September amid supply crunch

Numbers not great news for economy, says economist Retailers in Canada reported fewer sales in September amid supply chain bottlenecks and a reopening of the economy that allowed consumers to spend more on services. Receipts likely fell 1.9 per...

Source: Bankofcanada October 07, 2021

Investing in global progress

Governor Tiff Macklem makes the case for greater cooperation to shape a stronger international monetary and financial system. Watch Governor Macklem sp...

Source: Bankofcanada September 09, 2021

Monetary policy as the recovery progresses

Governor Tiff Macklem talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He also talks about how the Bank could adjust monetary...

Source: Bankofcanada September 08, 2021

Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining it...