July 13, 2016
Press Releases
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June 24, 2016
Statement of G7 Finance Ministers and Central Bank Governors
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. -
June 17, 2016
Unlocking fintech’s promise requires collaboration, says Senior Deputy Governor Wilkins
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. -
June 15, 2016
Canadian economy making progress, Governor Poloz says
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. -
June 9, 2016
Overall risks to financial stability are largely unchanged, but household vulnerabilities have moved higher
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. -
June 4, 2016
Monetary/fiscal policy mix has implications for debt and financial stability, Governor Poloz says
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. -
May 26, 2016
Bank of Canada announces appointment of Advisor in New York Office
The Bank of Canada today announced the appointment of Sheryl King as Advisor to the Governor, effective 5 July 2016. Ms. King will represent the Bank in its New York Office. -
May 25, 2016
Bank of Canada maintains overnight rate target at 1/2 per cent
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. -
May 2, 2016
Bank of Canada designates Automated Clearing Settlement System under the Payment Clearing and Settlement Act
The Governor of the Bank of Canada has designated, effective 2 May 2016, the Automated Clearing Settlement System (ACSS) for oversight under the Payment Clearing and Settlement Act (PCSA) as a clearing and settlement system that has the potential to pose payments system risk. -
April 29, 2016
Independent Advisory Council announces candidates for the 2018 bank note featuring an iconic Canadian woman
The Bank of Canada today announced that the 2018 bank note independent Advisory Council has narrowed to 12 names the list of iconic Canadian women who could be featured on the first bank note of the next series.