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

Governor Tiff Macklem discusses the trade conflict with the United States and how it is has affected the Canadian economy. He explains that restoring open trade is important for jobs, growth and price ...

Our actions worked Before the pandemic, the Bank had never done QE and had used forward guidance only once. Coming out of the crisis, Canadians have asked us: did they work? Bank staff have researched ...

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

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

The Bank of Canada is the nation’s central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada’s monetary policy, bank notes ...

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

In this note, we present the annual update of the Bank of Canada staff estimates for growth of global potential output. These estimates served as key inputs to the April 2025 Monetary Policy Report ...

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

A tariff is a tax on imports from another country. It can increase the prices consumers and businesses pay for that good. Traditionally, tariffs have been used to favour domestic companies by making ...

We assess both the US and Canadian nominal neutral rates to be in the range of 2.25% to 3.25%, unchanged from the range ...