October 27, 2022
We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
October 26, 2022
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
October 26, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.
Content Type(s):
Press,
Press releases
October 26, 2022
While inflation has come off its peak, it remains too high. As the economy responds to higher interest rates and as the effects of elevated commodity prices and supply disruptions fade, the Bank expects inflation to fall to about 3% in late 2023, then return to 2% in 2024.
Monetary Policy Report – October 2022
Content Type(s):
Publications,
Monetary Policy Report
October 17, 2022
Business confidence has softened, according to results from the third-quarter 2022 Business Outlook Survey and the July through October 2022 Business Leaders’ Pulse surveys. Many firms expect slower sales growth as interest rates rise and demand growth shifts closer to pre-pandemic levels. Early signs suggest that pressures on prices and wages have started to ease, but firms’ inflation expectations remain high.
Business Outlook Survey—Third Quarter of 2022
Content Type(s):
Publications,
Business Outlook Survey
Under the #RetailPayments Activities Act, you will need to register with us if you meet all 4 criteria.
— Bank of Canada (@bankofcanada) October 3, 2022
You must be:
payment service provider
perform a retail payment activity
1/2
Canadian dollar
Market notices
- October 7, 2022 CARR agrees to begin process of developing Term CORRA benchmark
- September 15, 2022 Debt Management Strategy Consultations – 2023-24
- September 13, 2022 Bank of Canada to delay bond auction in observance of federal Day of Mourning; will support key payment and settlement systems as well as financial markets
- August 3, 2022 CARR publishes recommended fallback language for CDOR-based loans
- July 29, 2022 CFEC Releases Results of April 2022 Foreign Exchange Volume Survey
Upcoming events
- November 1, 2022 Appearance: Tiff Macklem, Governor, and Carolyn Rogers, Senior Deputy Governor
- November 2, 2022 Speech: Ron Morrow, Executive Director
- November 3, 2022 The John Kuszczak Memorial Lecture
- November 10, 2022 Speech: Tiff Macklem, Governor
- November 11, 2022 Remembrance Day