Press Releases

• June 24, 2016

  Statement of G7 Finance Ministers and Central Bank Governors

  Media Relations

  We, G7 Ministers and Governors, respect the intention expressed today by the people of the United Kingdom to exit from the European Union. We are monitoring market developments following the outcome of the referendum on the UK’s membership of the EU.

  Content Type(s): Press, Press releases
• June 17, 2016

  Unlocking fintech’s promise requires collaboration, says Senior Deputy Governor Wilkins

  Media Relations Calgary, Alberta

  Technological innovation in financial services could transform the financial system, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today. But realizing the benefits of fintech, while guarding against the risks it could create, requires strong collaboration among actors in the financial system.

  Content Type(s): Press, Press releases
• June 15, 2016

  Canadian economy making progress, Governor Poloz says

  Media Relations Whitehorse, Yukon

  The Canadian economy is making progress in adjusting to low oil prices and recovering from the global financial crisis, Bank of Canada Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• June 9, 2016

  Overall risks to financial stability are largely unchanged, but household vulnerabilities have moved higher

  Media Relations Ottawa, Ontario

  The Financial System Review (FSR) concludes that the overall level of risk to Canada’s financial system is largely unchanged from six months ago. While household vulnerabilities have moved higher, the ongoing economic recovery in Canada means that the overall risk remains the same. The Bank highlights three vulnerabilities in the financial system: the elevated level of household indebtedness, imbalances in some regional housing markets and the fragility of liquidity in fixed-income markets.

  Content Type(s): Press, Press releases
• June 4, 2016

  Monetary/fiscal policy mix has implications for debt and financial stability, Governor Poloz says

  Media Relations Ottawa, Ontario

  In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix of monetary and fiscal policies can yield the same outcomes for growth and inflation, but lead to different results for public sector and private sector debt levels, which can impact financial stability.

  Content Type(s): Press, Press releases