Expand your understanding of spending and saving, discover your place in the economy and explore a world-class currency collection.

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 28, 2026.

Expand your understanding of spending and saving, discover your place in the economy and explore a world-class currency collection.

The Market Participants Survey results are based on questionnaire responses from about 27 financial market participants.

Governor Tiff Macklem talks about structural change in the economy and explains what it means for the Bank of Canada’s monetary policy.

Governor Tiff Macklem discusses how structural change—driven by U.S. protectionism, AI, and slowing population growth—is reshaping Canada’s economy. He outlines the Bank’s role in maintaining low and ...

By participating in the Governor’s Challenge, you agree to abide by this code of conduct. Failure to follow the code of ...

The Fellowship Award is subject to an annual review and confirmation by the Bank’s Governing Council for the term of the ...

Good afternoon. It’s a pleasure to be back home in Montréal, especially at this time of year. And it is wonderful to see so many of you again. My final speech of the year is always an opportunity to ...

In my work at the Bank of Canada, I often have the opportunity to meet with Canadians and Canadian businesses to better understand what’s happening in the economy at a grassroots level. Productivity ...

The Business Outlook Survey was conducted by in-person, video and phone interviews from August 7 to September 3, 2025. The large majority of interviews were conducted before the announcement of the ...

In March last year, I gave a speech about the urgent need to improve Canada’s productivity. I said that instead of thinking of productivity as some obscure economic statistic, we need to think of it ...