June 24, 2024
We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
June 19, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 5, 2024.
Summary of Governing Council deliberations: Fixed announcement date of June 5, 2024
Content Type(s):
Publications,
Summary of deliberations
June 13, 2024
Reviewing our pandemic actions
Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures the Bank of Canada used during the COVID-19 pandemic and analyzes their effectiveness.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Central bank research,
Coronavirus disease (COVID-19),
Credibility,
Economic models,
Financial stability,
Inflation and prices,
Inflation targets,
Interest rates,
Monetary policy,
Monetary policy and uncertainty,
Monetary policy communications,
Recent economic and financial developments
June 12, 2024
Central banking: Navigating in a new world
Remarks
Tiff Macklem
30th Conference of Montréal: International Economic Forum of the Americas
Montréal, Quebec
Governor Tiff Macklem looks back on the lessons learned from post-pandemic inflation and discusses the challenges ahead.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Coronavirus disease (COVID-19),
Inflation and prices,
Inflation: costs and benefits,
International topics,
Monetary policy
June 5, 2024
Bank of Canada reduces policy rate by 25 basis points
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
Content Type(s):
Press,
Press releases
Labour force participation shows who's active in the job market and who isn't.
— Bank of Canada (@bankofcanada) June 26, 2024
And Canada’s participation rate is high.
Check out our latest article for the key factors shaping the participation rate: https://t.co/xoDEq1JtP0#cdnecon #economy #LabourMarket pic.twitter.com/by1KhargK0
Canadian dollar
Market notices
- June 26, 2024 CFIF-BATVN publishes an educational primer on Canadian Asset-Backed Commercial Paper
- June 11, 2024 Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility
- June 10, 2024 CARR provides guidance for CDOR-based loans, derivatives and securities that do not have a robust fallback in place for CDOR’s cessation post June 28, 2024
- May 16, 2024 Move to T+1 settlement for Government of Canada securities auctions
- May 13, 2024 CARR publishes illustrative examples on determining fallback rates on floating rate notes that reference CDOR
Upcoming events
- July 15, 2024 Release: Business Outlook Survey and Canadian Survey of Consumer Expectations
- July 24, 2024 Interest Rate Announcement and Monetary Policy Report
- August 2, 2024 Release: Market Participants Survey
- August 5, 2024 Civic Holiday
- August 7, 2024 Publication: Summary of Deliberations