Summary of Bank of Canada's Monetary Policy Report, October 2020

The Bank of Canada (BoC) issues a quarterly Monetary Policy Report (MPR), which we use as one of the inputs to our Economic Forecasts. In the April and July MPR, the Bank departed from its practice of including definitive economic forecasts, but returned to it in the October issue. We thought a digest of the MPR might be of interest to members and others, so we have prepared one. If you'd like to read the entire MPR, you can do so here.