Monetary Policy Report

Latest Monetary Policy Reports

October 28, 2020

The Bank expects Canada’s economy to grow by almost 4 percent on average in 2021 and 2022, following a decline of about 5 ½ percent in 2020.

Content Type(s): Publications, Monetary Policy Report

July 15, 2020

The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.

Content Type(s): Publications, Monetary Policy Report

April 15, 2020

Canada’s economy faces two significant shocks—the plunge in global oil prices and the impact of the COVID-19 pandemic.

Content Type(s): Publications, Monetary Policy Report

January 22, 2020

The Bank projects that growth in the Canadian economy will accelerate from 1.6 percent this year to 2 percent in 2021.

Content Type(s): Publications, Monetary Policy Report

October 30, 2019

The Bank projects that Canadian economy will grow by 1.5 percent this year, 1.7 percent in 2020 and 1.8 percent in 2021.

Content Type(s): Publications, Monetary Policy Report

July 10, 2019

The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021.

Content Type(s): Publications, Monetary Policy Report

April 24, 2019

The Bank’s new forecast calls for real economic growth of 1.2 per cent this year, 2.1 per cent next year and 2.0 per cent in 2021.

Content Type(s): Publications, Monetary Policy Report

January 9, 2019

The Bank projects that Canadian economic growth will slow to 1.7 per cent this year before rebounding to 2.1 per cent in 2020.

Content Type(s): Publications, Monetary Policy Report

October 24, 2018

The Bank projects that the Canadian economy will continue to grow in line with its potential through 2020.

Content Type(s): Publications, Monetary Policy Report

July 11, 2018

Real GDP in Canada is expected to grow by 2.0 per cent in 2018, 2.2 per cent in 2019 and 1.9 per cent in 2020.

Content Type(s): Publications, Monetary Policy Report