Press Releases

• December 15, 2015

  Bank of Canada says housing vulnerabilities have edged higher, but financial system remains resilient

  Media Relations Ottawa, Ontario

  Vulnerabilities in the housing sector have edged higher, the Bank of Canada said today in its Financial System Review (FSR), while the overall level of risk to Canada’s financial system has remained roughly unchanged since June. The Bank continues to identify two key vulnerabilities related to the Canadian household sector: the elevated level of household […]

  Content Type(s): Press, Press releases
• December 8, 2015

  Bank of Canada updates framework for unconventional monetary policy measures

  Media Relations Toronto, Ontario

  The Bank of Canada is applying lessons from the global financial crisis as it updates its framework for the use of unconventional monetary policy measures, Governor Stephen S. Poloz said. “We don’t need unconventional policies now, and we don’t expect to use them. However, it’s prudent to be prepared for every eventuality,” Governor Poloz said […]

  Content Type(s): Press, Press releases
• December 4, 2015

  Bank of Canada introduces The Governor’s Challenge, a new student competition

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced a new student competition—The Governor’s Challenge—where teams simulate the role of monetary policy advisor to the Bank's Governing Council. Over 100 undergraduates from 22 universities across Canada are taking part in 2015–16, the competition’s inaugural year.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• December 2, 2015

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases