News

• 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
• June 11, 2015

  Financial System Review - June 2015

  

  The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The June 2015 issue features two reports summarizing recent work by Bank of Canada staff on specific financial sector policies.

  Content Type(s): Publications, Financial Stability Report
• June 8, 2015

  Panel remarks for round table discussion at the 21st Conference of Montréal

  Remarks Carolyn A. Wilkins 21st Conference of Montréal: International Economic Forum of the Americas Montréal, Quebec

  Introduction Thank you for the invitation to be here today. I’m honoured to be part of this panel. It’s been more than seven years since the global financial crisis began, and we’re still coping with its aftermath. One of the consequences of the crisis has been a disruption of financial globalization. Global capital flows—to give […]

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credit risk management, Financial markets, Financial stability, Financial system regulation and policies, International financial markets, International topics
• 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 19, 2015

  The Way Home: Reading the Economic Signs

  Remarks Stephen S. Poloz Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  Governor Poloz discusses some key indicators the Bank is watching as the Canadian economy heads toward sustainable balanced growth.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Firm dynamics, Inflation and prices, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
• May 18, 2015

  Bank of Canada to issue a commemorative bank note marking the historic reign of Queen Elizabeth II

  As announced by the Prime Minister’s Office, the Bank of Canada will contribute to the Government of Canada’s plans to commemorate the historic reign of Her Majesty Queen Elizabeth II by issuing a commemorative bank note in 2015.

  Content Type(s): Press, Announcements Topic(s): Bank notes
• May 14, 2015

  Fine-Tuning the Framework for the Bank’s Market Operations

  Remarks Lynn Patterson CFA Society Vancouver Vancouver, British Columbia

  Deputy Governor Lynn Patterson discusses proposed changes to the Bank’s financial market operations.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial institutions, Financial markets, Financial stability, Financial system regulation and policies, Lender of last resort, Monetary policy implementation
• May 14, 2015

  Bank of Canada Review - Spring 2015

  

  In this issue, Bank researchers discuss inflation dynamics and global trade following the 2007–09 financial crisis. Other articles explore changes to the governance and regulation of the Canadian payments system and outline the banking services provided by the Bank of Canada. Finally, the results of the 2013 Methods-of-Payment Survey are presented.

  Content Type(s): Publications, Bank of Canada Review
• 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