Press Releases

• September 21, 2015

  Canada able to handle swings in resource prices, says Governor Poloz

  Media Relations Calgary, Alberta

  The Canadian economy is able to deal with the challenges posed by large movements in resource prices, Bank of Canada Governor Stephen S. Poloz said today. In a speech at Calgary Economic Development’s 2016 Economic Outlook event, Governor Poloz said that it’s far better for Canada to have natural resources than not, even if swings […]

  Content Type(s): Press, Press releases
• September 9, 2015

  Bank of Canada Unveils and Issues Commemorative $20 Bank Note

  Media Relations Ottawa, Ontario

  At an official ceremony at Rideau Hall, the Bank of Canada today unveiled and issued a special commemorative $20 bank note honouring Her Majesty Queen Elizabeth II. As of this day, Elizabeth II’s reign exceeds that of her great-great-grandmother, Queen Victoria, making Her Majesty the longest-reigning sovereign in Canada’s modern era.

  Content Type(s): Press, Press releases
• September 9, 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
• August 18, 2015

  Bank of Canada Announces the Recipient of its 2015 Law Enforcement Award of Excellence for Counterfeit Deterrence

  Media Relations Ottawa, Ontario

  This award, which has been presented since 2004, recognizes the outstanding achievements of criminal justice professionals and educators involved in the prevention and deterrence of bank note counterfeiting in Canada.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• July 27, 2015

  Bank of Canada Publishes 2016 Schedule for Policy Interest Rate Announcements and Release of the Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2016 schedule of the key dates for policy interest rate announcements and release of the quarterly Monetary Policy Report, and it reconfirmed the scheduled announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 15, 2015

  Bank of Canada lowers overnight rate target to 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 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
• June 11, 2015

  Bank of Canada says risk to financial stability is slightly higher, but system is more resilient

  Media Relations Ottawa, Ontario

  The overall risk to financial stability in Canada has risen in the face of lower oil prices, but the resilience of the system continues to improve, the Bank of Canada said today as it released its biannualFinancial System Review (FSR). The FSR is intended to raise awareness of the key vulnerabilities, possible triggers and risks […]

  Content Type(s): Press, Press releases
• May 27, 2015

  Bank of Canada maintains overnight rate target at 3/4 per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• May 19, 2015

  Canadian economy rebuilding, though headwinds remain, says Governor Poloz

  Media Relations Charlottetown, Prince Edward Island

  Following a setback caused by the drop in oil prices, the Canadian economy is once again on a course toward sustainable balanced growth, although it continues to face headwinds, Bank of Canada Governor Stephen S. Poloz said today. The Governor’s speech to the Greater Charlottetown Area Chamber of Commerce outlined some key indicators the Bank […]

  Content Type(s): Press, Press releases
• May 5, 2015

  Canada’s Economy Counts on Reliable Liquidity Says Senior Deputy Governor Carolyn Wilkins

  Media Relations Montréal, Quebec

  The financial system needs reliable funding and market liquidity to support economic activity, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today in her speech to the Board of Trade of Metropolitan Montreal. “We learned from the crisis that liquidity can be a fickle friend, and its absence can amplify financial distress,” she said. […]

  Content Type(s): Press, Press releases