News

• December 15, 2016

  Release of the Financial System Review

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet
• December 15, 2016

  Risks to financial stability largely unchanged, household vulnerabilities remain key concern

  Media Relations Ottawa, Ontario

  The overall level of risk to Canada’s financial system remains largely unchanged from six months ago, the Bank of Canada said today in the Financial System Review (FSR).

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

  Financial System Review - December 2016

  

  This issue of the Financial System Review reflects the Bank’s judgment that the overall level of risk to Canada’s financial system remains largely unchanged from six months ago. The Bank continues to highlight two key vulnerabilities related to Canadian households: high levels of indebtedness and housing market imbalances. A third ongoing vulnerability is the potential for fragility in fixed-income market liquidity.

  Content Type(s): Publications, Financial Stability Report
• December 8, 2016

  Viola Desmond chosen as the Bank NOTE-able woman to be featured on new $10 bank note

  Media Relations Gatineau, Quebec

  Governor Stephen S. Poloz, Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu today announced that Viola Desmond will be featured on a new $10 bank note, expected in late 2018.

  Content Type(s): Press, Press releases
• December 8, 2016

  Engaging Canadians: a #bankNOTEable process

  Remarks Stephen S. Poloz Canadian Museum of History Gatineau, Quebec

  Governor Poloz, with Ministers Morneau and Hadju, announces the #bankNOTEable woman.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
• December 7, 2016

  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
• December 1, 2016

  Bank of Canada announces details of forthcoming changes to its published foreign exchange rate data

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced a final list of the 26 foreign currency exchange rates that it will continue to publish after 1 March 2017.

  Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
• November 28, 2016

  Growth of the service sector is helping Canada’s economy return to full output, Governor Poloz says

  Media Relations Toronto, Ontario

  The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• November 28, 2016

  From Hewers of Wood to Hewers of Code: Canada’s Expanding Service Economy

  Remarks Stephen S. Poloz C.D. Howe Institute Toronto, Ontario

  Governor Stephen S. Poloz discusses how growth in Canada’s service sector is leading to high-paying jobs and helping complete the economic recovery.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Economic models, Firm dynamics, Productivity, Recent economic and financial developments, Service sector
• November 25, 2016

  Bank of Canada announces finalists for the second annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  NOTE TO EDITORS: This press release has been revised to reflect the new date of the final round of The Governor’s Challenge, 4 February 2017.

  The Bank of Canada announced the finalists for the 2016–17 edition of The Governor’s Challenge, a student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge