US trade protectionism is making the economic outlook increasingly uncertain. To assess how consumer prices may respond to ...

Governor Tiff Macklem discusses how the trade conflict with the United States has affected the Canadian economy. He explains ...

Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).

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Trade protectionism makes everyone worse off. While freer trade—in both exports and imports—makes us better off, the opposite is also true. Barriers to free trade, such as tariffs, have a negative ...

1. The Level of the Inflation Target. Canada targets 2 per cent inflation, the midpoint of a 1 to 3 per cent inflation-control target range. Since 2011, the experience of advanced economies with ...

Results from the Business Outlook Survey and the Business Leaders’ Pulse show that with high interest rates and soft demand, firms’ sales growth has slowed over the past 12 months. Firms are less ...

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Overview. This note presents Bank of Canada staff’s current assessment of the US and Canadian neutral rates of interest. The neutral rate is where the Bank expects the policy rate would settle once ...

Meeting monetary policy objectives. In response to the global financial crisis and the recession, the Bank of Canada lowered the target interest rate rapidly over the course of 2008 and early 2009 to ...

Business activity. Similar to results from the summer survey, most businesses reported slower sales growth—and often outright sales declines—in the past 12 months because of negative impacts from the ...

Footnotes. 1. For additional analysis and background information, see J.-S. Fontaine, I. Krohn, J. Kyeong, R. Vala and K. Zmitrowicz, “Monetary policy, interest rates and the Canadian dollar,” Bank of ...