Press Releases

• May 29, 2013

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• May 21, 2013

  Canada works due to its critical foundational advantages, says Bank of Canada Governor Mark Carney

  Media Relations Montréal, Quebec

  Since the eruption of the global financial crisis, Canada has outperformed other G-7 countries because of critical foundational advantages, Bank of Canada Governor Mark Carney said today in a speech in Montréal. The Governor identified “the cornerstones of Canada’s prosperity” as responsible fiscal policy, sound monetary policy, a resilient financial system and a monetary union […]

  Content Type(s): Press, Press releases
• May 2, 2013

  Stephen S. Poloz appointed Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Directors of the Bank of Canada appointed under Section 9 of the Bank of Canada Act today announced that they have appointed Stephen S. Poloz as Governor of the Bank of Canada for a seven-year term, effective 3 June 2013.

  Content Type(s): Press, Press releases
• May 1, 2013

  Financial Crisis Taught Important Lessons About Monetary Policy, says Bank of Canada Governor Mark Carney

  Media Relations Edmonton, Alberta

  While countries around the world continue to cope with the painful aftermath of the global financial crisis, the scope and fury of events have left policy-makers with important lessons about the functioning of monetary policy and its frameworks, instruments and tactics, Bank of Canada Governor Mark Carney said today in a wide-ranging lecture about monetary […]

  Content Type(s): Press, Press releases