Press Releases

• 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 12, 2016

  FSB Regional Consultative Group for the Americas discusses fintech, correspondent banking and regional vulnerabilities

  This press release, issued by the Financial Stability Board, announces that a regional consultative group co-chaired by Bank of Canada Senior Deputy Governor Carolyn A. Wilkins discussed the benefits and risks of fintech developments, including the implications of distributed ledger technology and peer-to-peer lending.

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
• 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 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 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
• November 24, 2016

  #bankNOTEable Canadian woman will be revealed on 8 December, Bank of Canada publishes short list of five

  Media Relations Ottawa, Ontario

  On Thursday, 8 December 2016, the Minister of Finance and the Governor of the Bank of Canada will reveal which iconic Canadian woman will be featured on the next regularly circulating bank note, expected in 2018.

  Content Type(s): Press, Press releases
• November 1, 2016

  Inflation-target renewal helps give certainty in uncertain times, Governor Poloz says

  Media Relations Vancouver, British Columbia

  The renewal of the Bank of Canada’s framework for inflation targeting will help Canadian businesses and consumers by providing certainty around their financial plans, Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• October 24, 2016

  Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target

  Media Relations Ottawa, Ontario

  The Government of Canada and the Bank of Canada agreed that the inflation target will continue to be defined in terms of the 12-month rate of change in the total CPI, that it will continue to be the 2 per cent mid-point of the 1 to 3 per cent inflation-control range, and that the agreement will run for another five-year period, ending 31 December 2021.

  Content Type(s): Press, Press releases