Press Releases

• October 19, 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
• October 6, 2016

  Both progress and setbacks as economy adjusts, says Senior Deputy Governor Wilkins

  Media Relations Trois-Rivières, Quebec

  The Canadian economy is undergoing important, complex adjustments following the drop in oil prices over the past two years and in the context of the longer trends of population aging and modest productivity growth, Senior Deputy Governor Carolyn Wilkins said today.

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

  Bank of Canada Calls for Nominations for the 2017 Fellowship and Governor’s Awards

  Media Relations Ottawa, Ontario

  The Bank of Canada is calling for nominations under its Fellowship Program for 2017. This program provides monetary awards to foster excellence in economic and financial research in Canada, and supports the Bank’s development of partnerships with leading experts.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• September 26, 2016

  Integrating economies through trade affects monetary policy, Governor Poloz says

  Media Relations Bellingham, Washington

  In the first annual Paul Storer Memorial Lecture on Canada–US relations, given at Western Washington University, Governor Poloz said that the evolution of international trade practices, such as building global value chains and establishing foreign affiliates, suggests that economies are becoming more integrated.

  Content Type(s): Press, Press releases
• September 20, 2016

  Lower-for-longer interest rates require adjustments, Governor Poloz says

  Media Relations Québec, Québec

  Canadians need to understand the forces that have led to a prolonged period of low interest rates and make adjustments, Bank of Canada Governor Stephen S. Poloz said.

  Content Type(s): Press, Press releases
• September 14, 2016

  Slow global growth poses risks for financial stability, says Senior Deputy Governor Wilkins

  Media Relations London, United Kingdom

  The decline in the global economy’s potential to grow, and the lower interest rates that come with it, pose risks for financial stability, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today. Those risks can be mitigated through deliberate efforts from the private sector and policy-makers.

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

  Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in Canada during April 2016

  Media Relations Ottawa, Ontario

  During the month of April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest survey of turnover activity in the foreign exchange and over-the-counter (OTC) derivatives markets in their respective countries. This worldwide effort was coordinated by the Bank for International Settlements (BIS) and is undertaken every three years.

  Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
• August 16, 2016

  Bank of Canada recognizes Saskatoon Police Service with Counterfeit Deterrence award

  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 26, 2016

  Bank of Canada publishes 2017 schedule for policy interest rate announcements and release of the Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2017 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