Bank Of Canada Summary Of Deliberations Investing Com

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on October 23, 2024. This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on October 15, 2024. The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers and Deputy ...

(full story) Forex Factory® is a brand of Fair Economy, Inc. High Potential Impact This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to. Medium Potential Impact This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value. Low Potential Impact This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency. Surprise - Currency May Weaken Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency. Welcome to your bookmarks menu. You can archive any research you find interesting here for easy reference in the future. Just click on the bookmark icon located near the title of the publication and it will appear here. Robert has been with BMO Capital Markets since 2006.

He plays a key role... (Read more) Robert has been with BMO Capital Markets since 2006. He plays a key role... (Read more) The summary of the Bank of Canada’s deliberations from the January 24th decision was set against the BoC dropping its tightening bias.

The Bank believes that policy is tight enough, but hasn’t been so for long enough yet given still-nagging inflation pressure. As such, “it was difficult to foresee when it would be appropriate to begin cutting interest rates”. Rate cuts are not imminent. On March 20th, the Bank of Canada’s Governing Council released its summary of deliberations, leading to its monetary policy decision on March 6, 2024. This summary indicates the reasoning behind the decision to maintain the policy rate at 5%. The council reviewed the international economy, particularly focusing on the United States, Eurozone, and China, and analyzed the implications for the Canadian economy, as well as inflation, labour markets, and housing.

The decision was based on various factors. Below is a simplified, condensed overview; see the Bank of Canada Summary of Deliberations for full details and a more comprehensive explanation of the reasonings behind the decision. The Governing Council began by discussing recent global economic data from the January Monetary Policy Report. Most regions experienced a slowdown in growth, but the United States showed resilience with a slower yet robust economic activity, driven by strong consumer spending and government support. However, the euro area faced challenges with barely positive growth due to soft consumer sentiment and tight monetary policies. China also saw expected growth slowdown, especially in investment, notably in the property sector.

Inflation eased in both the United States and the euro area, attributed to improved supply conditions and decreasing core inflation. Council members reviewed Canadian economic data, noting higher-than-projected GDP growth driven by exports but still below potential. Domestic demand declined with modest consumption growth and reduced business investment. Despite some bounce-back in growth in January, concerns persisted about the first quarter’s growth outlook. Export growth partly resulted from continued US demand and methodological changes in data reporting. Employment growth slowed, showing signs of easing wage pressures.

Housing market dynamics remained a concern, potentially contributing to inflationary pressures. Inflation indicators suggested slow progress towards target levels. Council members emphasized the importance of sustained progress in underlying inflation. Monetary policy seemed to be working as expected in balancing supply and demand, with higher interest rates slowing economic growth. Elevated wage growth compared to productivity raised concerns about inflationary pressures, although signs of wage growth moderation were noted. There were no updates on corporate pricing behavior or inflation expectations, but these indicators were considered crucial for future decisions.

Risks to economic growth and inflation, including the persistence of inflation, impact of monetary policy on consumer spending, and global energy and transportation costs, were discussed. The possibility of premature rate changes versus waiting too long to adjust rates was weighed. This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on September 17, 2025. This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on September 12, 2025.

The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers and Deputy Governors Toni Gravelle, Sharon Kozicki, Nicolas Vincent, and Michelle Alexopoulos. Deputy Governor Rhys Mendes did not attend. Governing Council members began their deliberations by discussing global economic developments since the July Monetary Policy Report. While the global economy had proven resilient to increased US tariffs in the first half of the year, there were increasing signs that economic growth was slowing. In the United States, the strength in consumer spending appeared to have moderated, and the US labour market had softened.

Recent monthly growth in non-farm payrolls had slowed, and historical revisions suggested less hiring over the past year. Slowing population growth has been weighing on consumption and is likely to continue to do so. Members noted that softer consumer spending in the United States would translate into weaker demand for Canadian exports.

People Also Search

• Bank Of Canada Summary of Deliberations - Investing.com
• Summary of Governing Council deliberations - Bank of Canada
• Bank of Canada (via Public) / Summary of Governing Council ...
• BOC Summary of Governing Council Deliberations - Forex Factory
• Canada - BoC Summary of Deliberations | Data, Market Impact & Forecast ...
• BoC Summary of Deliberations (Jan. 24) — Watching and Waiting - BMO
• Bank Of Canada Summary Of Deliberations Released
• Summary of Governing Council deliberations: Fixed ... - Bank of Canada
• Summary of Monetary Policy Deliberations By Bank of Canada Governing ...
• Bank of Canada Summary of Deliberations: Economy ... - Investing.com Canada