We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
January 17, 2025
The Bank of Canada’s exceptional policy actions during the COVID-19 pandemic provided important support for the economy during the unprecedented shock, says a review published today.
January 16, 2025
The end of quantitative tightening and what comes next
Deputy Governor Toni Gravelle provides an update on when quantitative tightening will end and how the Bank of Canada will manage its balance sheet after that.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Financial institutions,
Financial markets,
Financial stability,
Financial system regulation and policies,
Market structure and pricing,
Monetary policy implementation,
Monetary policy transmission,
Recent economic and financial developments
December 23, 2024
Summary of Governing Council deliberations: Fixed announcement date of December 11, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on December 11, 2024.
Content Type(s):
Publications,
Summary of deliberations
December 16, 2024
Delivering price stability: Learning from the past, preparing for the future
Governor Tiff Macklem reflects on the lessons learned from the pandemic and its aftermath and outlines how the Bank is preparing for the challenges of the future.
December 11, 2024
Bank of Canada reduces policy rate by 50 basis points to 3¼%
The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.
Content Type(s):
Press,
Press releases
Governor Tiff Macklem’s year-end speech to the @BoardofTrade, highlights 3 key priorities for 2025 to better serve Canadians.
— Bank of Canada (@bankofcanada) December 16, 2024
Read the speech here: https://t.co/7hjbAdf0vw#cdnecon #economy #FinancialStability pic.twitter.com/e7rlQGJo9Z
Canadian dollar
Market notices
- January 15, 2025 Operational Details for Government Purchases of Canada Mortgage Bonds in 2025
- December 16, 2024 Summary of Comments – Fall 2024 Debt Management Strategy Consultations
- December 16, 2024 Summary of Comments – Fall 2024 Debt Distribution Framework Review Consultations
- October 24, 2024 Bank of Canada announces a change to Overnight Repo operations
- October 8, 2024 BATVN publishes an overview of the Canadian repo market
Upcoming events
- January 17, 2025 Release: Review of Bank of Canada’s exceptional policy actions during the COVID-19 pandemic
- January 20, 2025 Release: Business Outlook Survey and Canadian Survey of Consumer Expectations
- January 29, 2025 Interest Rate Announcement and Monetary Policy Report
- February 17, 2025 Family Day
- March 12, 2025 Interest Rate Announcement