Canadian Economy

Inflation against the Bank of Canada's 2% target, its policy rate and Government of Canada bond yields, the Canadian dollar, and jobs and growth from Statistics Canada. For TSX stocks, sectors and breadth, see the Canadian market.

Bank of Canada rate2.50%Nov 12, 2026
CPI inflation3.1%Sep 1, 2026
CPI-trim1.8%Sep 1, 2026
Unemployment rate6.7%Oct 1, 2026
10-year bond3.78%Nov 12, 2026
C$ per US$1.4257Nov 13, 2026
Chart range

Rates & the Canadian dollar

The Bank of Canada’s policy rate, Government of Canada bond yields and the loonie.

Bank of Canada policy rate

2.50%

The Bank’s target for the overnight rate, against the 2-year Government of Canada bond, which moves on where markets expect it to go.

Latest Nov 2026. Source: Bank of Canada via FRED.
Show the figures
DatePolicy rate2-year bond
Nov 122.50%3.33%
Nov 112.50%—
Nov 102.50%3.25%
Nov 92.50%3.13%
Nov 62.50%3.12%
Nov 52.50%3.17%
Nov 42.50%3.22%
Nov 32.50%3.26%
Nov 22.50%3.26%
Oct 302.50%3.28%
Oct 292.50%3.36%
Oct 282.25%3.41%

Government of Canada bonds

3.33%

The 2-year and 10-year benchmark yields. A 10-year below the 2-year is an inverted curve.

Latest Nov 2026. Source: Bank of Canada via FRED.
Show the figures
Date2-year10-year
Nov 123.33%3.78%
Nov 103.25%3.72%
Nov 93.13%3.63%
Nov 63.12%3.65%
Nov 53.17%3.67%
Nov 43.22%3.70%
Nov 33.26%3.77%
Nov 23.26%3.74%
Oct 303.28%3.78%
Oct 293.36%3.84%
Oct 283.41%3.87%
Oct 273.36%3.83%

Canadian dollar

1.4257

Canadian dollars per US dollar, the Bank of Canada’s daily rate. Up means a weaker loonie.

Latest Nov 2026. Source: Bank of Canada via FRED.
Show the figures
DateUSD/CAD
Nov 131.4257
Nov 121.4255
Nov 101.4181
Nov 91.4123
Nov 61.4113
Nov 51.3989
Nov 41.3961
Nov 31.3994
Nov 21.3978
Oct 301.3960
Oct 291.3985
Oct 281.4036

Inflation

Total CPI and the Bank of Canada’s preferred core measures.

Inflation vs the Bank of Canada’s target

3.10%

Consumer prices against a year earlier. CPI-trim and CPI-median are the Bank’s preferred core measures.

Latest Sep 2026. Source: Bank of Canada via FRED.
Show the figures
DateCPICPI-trimCPI-median
Sep 13.10%1.80%1.90%
Aug 13.00%1.90%2.00%
Jul 13.00%1.90%2.00%
Jun 12.80%1.90%1.90%
May 13.20%2.00%2.10%
Apr 12.80%2.00%2.10%
Mar 12.40%2.20%2.30%
Feb 11.80%2.30%2.30%
Jan 12.30%2.40%2.50%
Dec 12.40%2.70%2.60%
Nov 12.20%2.90%2.80%
Oct 12.20%3.00%2.90%

Jobs & growth

Statistics Canada’s Labour Force Survey and monthly real GDP.

Unemployment rate

6.70%

The Labour Force Survey’s unemployment rate, seasonally adjusted.

Latest Oct 2026. Source: Statistics Canada via FRED.
Show the figures
DateUnemployment rate
Oct 16.70%
Sep 16.50%
Aug 16.40%
Jul 16.40%
Jun 16.50%
May 16.60%
Apr 16.90%
Mar 16.70%
Feb 16.70%
Jan 16.50%
Dec 16.80%
Nov 16.60%

Real GDP growth

1.48%

Monthly real GDP by industry against a year earlier.

Latest Aug 2026. Source: Statistics Canada via FRED.
Show the figures
DateReal GDP
Aug 11.48%
Jul 11.43%
Jun 12.06%
May 11.64%
Apr 11.14%
Mar 10.41%
Feb 10.75%
Jan 10.43%
Dec 11.00%
Nov 11.10%
Oct 10.81%
Sep 11.52%

Jobs added each month

−4.7K

The month’s change in employment, from the Labour Force Survey.

Latest Oct 2026. Source: Statistics Canada via FRED.
Show the figures
DateJobs added
Oct 1−4.7K
Sep 1−68.3K
Aug 1−41.7K
Jul 175.1K
Jun 118.2K
May 187.8K
Apr 1−17.7K
Mar 114.1K
Feb 1−83.9K
Jan 1−24.8K
Dec 110.1K
Nov 152.3K

Sources: Bank of Canada and Statistics Canada. Adapted from Statistics Canada data under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada.