Business Outlook Survey
Four times a year, our regional offices interview business leaders from about 100 firms to gather a broad range of economic perspectives that help us fulfill our mandate as Canada’s central bank. The results of these interviews are available in our quarterly Business Outlook Surveys (BOS). View the recent survey data and references for more information. Receive notification by email whenever new surveys are added […]
Policy interest rate
The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year. For more information on the policy interest rate, see this explainer. Recent data Date* Target (%) Change (%) July 15, 2026 2.25 — June 10, 2026 2.25 — April 29, 2026 […]
Bank of Canada publishes its 2027 schedule for policy interest
The Bank of Canada today published its 2027 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. In addition, the Bank published its schedule for the release of the Business Outlook Survey and the Canadian Survey of Consumer Expectations, and […]
Bank of Canada maintains the policy rate at 2¼%
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties […]
Bank of Canada Interest Rate Schedule 2026
CURRENT OVERNIGHT INTEREST RATE: 2.25% (last updated June 2026) Here are what the Bank of Canada interest rate announcements are, when they happen in 2026 and their significance. Highlights: The Bank of Canada is responsible for setting the key policy rate and is the primary tool that the central bank uses to control inflation. This is the starting point for setting […]
No evidence of fuel retailers exploiting Middle East crisis, says competition watchdog
The Competition and Markets Authority (CMA) has found no evidence that fuel retailers actively changed their pricing strategies to take advantage of the recent Middle East crisis, although it warned that concerns over competition in the UK road fuel market remain. The CMA report, published today (18 August) assesses the impact of the conflict in […]
Why do gasoline prices fluctuate?
Retail gasoline prices are mainly affected by crude oil prices and the amount of gasoline available to meet demand. Strong and increasing demand for gasoline and other petroleum products in the United States and the rest of the world can place intense pressure on available supplies. did you know? Gasoline prices generally follow crude oil prices. U.S. […]
What is the Process of a Fuel Dispenser?
Fuel dispensers, commonly known as gas pumps, are essential equipment in the fueling industry, enabling the efficient, accurate, and safe transfer of fuel from storage tanks into vehicles and containers. While the technology behind fuel dispensers may seem straightforward, it involves a complex series of processes and components working together to ensure smooth operation. In […]
How to Improve Performance with Proper Fuel System Maintenance Tips
When it comes to getting the best performance out of your vehicle, many drivers focus on oil changes and tire rotations but overlook one critical component — the fuel system. A clean and properly maintained fuel system ensures your engine receives the right amount of fuel at the correct pressure, improving power, efficiency, and longevity. […]
Top Causes of Underground Storage Tank Leaks
According to the EPA, there are currently 540,700 active underground storage tanks in the United States. 538,000 of these tanks are used to store petroleum, and 2,700 are used for hazardous substances. Half a million is a big number, but it’s significantly less than 2.1 million – the number of active underground storage tanks that were in […]