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Bank of Canada
Sounds hawkish lately +0.12 Live feed
- Speeches
- 617
- First speech
- Mar 6, 1997
- Latest speech
- Oct 1, 2026
- Tone vs coming rate moves
- +0.28
- rank correlation
Does the tone run ahead of the rate?
Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.
Speech tone
Policy rate
Latest speeches
Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.
| Date | Speech | Tone |
|---|---|---|
| Oct 1, 2026 | Canada’s housing affordability dilemma Live feed | +0.17 |
| Oct 1, 2026 | The complexity of housing affordability Live feed | +0.07 |
| Sep 29, 2026 | −0.05 | |
| Sep 21, 2026 | +0.23 | |
| Sep 21, 2026 | +0.21 | |
| Sep 3, 2026 | Unveiling of Vertical $20 Bank Note Live feed | +0.06 |
| Jun 10, 2026 | Tiff Macklem | +0.26 |
| May 28, 2026 | Carolyn Rogers; Toni Gravelle | −0.10 |
| Apr 29, 2026 | Tiff Macklem | +0.24 |
| Mar 26, 2026 | Carolyn Rogers | +0.18 |
| Mar 18, 2026 | Tiff Macklem | +0.11 |
| Mar 4, 2026 | Tiff Macklem | +0.03 |
| Mar 2, 2026 | Sharon Kozicki | +0.03 |
| Dec 16, 2025 | Tiff Macklem | +0.21 |
| Dec 10, 2025 | Tiff Macklem | +0.13 |
| Oct 9, 2025 | Carolyn Rogers | −0.03 |
| Oct 2, 2025 | Rhys Mendes | +0.13 |
| Sep 23, 2025 | Tiff Macklem | −0.09 |
| Sep 17, 2025 | Tiff Macklem | −0.19 |
| Aug 26, 2025 | Tiff Macklem | +0.08 |
| Jun 18, 2025 | Tiff Macklem | −0.03 |
| Jun 5, 2025 | Sharon Kozicki | +0.09 |
| Jun 4, 2025 | Tiff Macklem | +0.17 |
| Apr 16, 2025 | Tiff Macklem | −0.01 |
| Mar 20, 2025 | Tiff Macklem | +0.13 |
| Feb 21, 2025 | Tiff Macklem | +0.10 |
| Feb 6, 2025 | Tiff Macklem | −0.22 |
| Jan 29, 2025 | Tiff Macklem | +0.14 |
| Jan 16, 2025 | Toni Gravelle | −0.09 |
| Dec 16, 2024 | Tiff Macklem | +0.05 |
| Dec 11, 2024 | Tiff Macklem | −0.08 |
| Nov 6, 2024 | Carolyn Rogers | +0.07 |
| Oct 23, 2024 | Tiff Macklem | +0.04 |
| Sep 24, 2024 | Tiff Macklem | +0.02 |
| Sep 20, 2024 | Tiff Macklem | +0.07 |
| Sep 19, 2024 | Nicolas Vincent | +0.06 |
| Sep 10, 2024 | Tiff Macklem | +0.00 |
| Sep 4, 2024 | Tiff Macklem | +0.09 |
| Jul 24, 2024 | Tiff Macklem | +0.05 |
| Jun 24, 2024 | Tiff Macklem | +0.05 |
| Jun 13, 2024 | Sharon Kozicki | −0.13 |
| Jun 12, 2024 | Tiff Macklem | +0.08 |
| Jun 5, 2024 | Tiff Macklem | +0.19 |
| May 9, 2024 | Tiff Macklem | +0.11 |
| May 2, 2024 | Tiff Macklem | +0.19 |
| May 1, 2024 | Tiff Macklem | +0.22 |
| Apr 10, 2024 | Tiff Macklem | +0.20 |
| Mar 26, 2024 | Carolyn Rogers | +0.07 |
| Mar 21, 2024 | Toni Gravelle | −0.10 |
| Mar 6, 2024 | Tiff Macklem | +0.12 |
| Feb 6, 2024 | Tiff Macklem | −0.02 |
| Feb 1, 2024 | Tiff Macklem | +0.12 |
| Jan 24, 2024 | Tiff Macklem | +0.11 |
| Dec 15, 2023 | Tiff Macklem | +0.13 |
| Dec 7, 2023 | Toni Gravelle | +0.18 |
| Nov 22, 2023 | Tiff Macklem | +0.13 |
| Nov 9, 2023 | Carolyn Rogers | +0.05 |
| Nov 1, 2023 | Tiff Macklem | +0.27 |
| Oct 30, 2023 | Tiff Macklem | +0.27 |
| Oct 25, 2023 | Tiff Macklem | +0.20 |