Governor Tiff Macklem discusses the Bank of Canada’s role in ensuring the stability of money in all its forms, from currency to digital payments. He also outlines how keeping inflation low and stable ...

Governor Tiff Macklem discusses the Bank of Canada’s role in ensuring Canadians can trust their money in all its forms.

This note presents PULSE, a new measure of underlying inflation in Canada based on a dynamic factor model estimated on disaggregated inflation data. PULSE captures the persistent component of ...

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.

This paper shows that regional disparities in house price growth are more pronounced during house price busts than during booms. To explain this observation we construct a two-region currency union ...

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

Interest Rate Announcement — Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).

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

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 ...

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on October 29, 2025. This summary reflects discussions and deliberations by ...

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 ...