At its 8 March monetary policy meeting, the Bank of Canada (BoC) left the target for the overnight rate unchanged at 1.00%, a decision widely expected by market analysts. Monetary authorities have left rates unchanged since September 2010. The Central Bank sounded relatively upbeat, acknowledging ?signs of stabilisation? regarding the sovereign debt crisis in Europe and recognizing improved conditions in the global financial markets. Nevertheless, the Bank stressed that global economic growth will continue to develop below its potential going forward. The Bank emphasized that domestic economic activity remains solid, albeit constrained by external headwinds and the persistent strength of the Canadian dollar. Regarding price developments, the Central Bank confirmed that it expects inflation to remain within its target of 2.0% 1.0% in the medium term.
Canada Monetary Policy
Bank of Canada maintains overnight rate at 1.00%
March 8, 2012
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Canada Economic News
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.
September 30, 2016
In July, GDP grew a strong 0.5% over the previous month in seasonally-adjusted terms.
September 23, 2016
In August, seasonally-adjusted consumer prices recorded a 0.1% decrease over the previous month, which was down from the flat figure recorded in July and marked the lowest reading in six months.