December 14, 2017
Media Relations - Latest
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December 6, 2017
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
November 29, 2017
Bank of Canada announces finalists for the third annual Governor’s Challenge
The Bank of Canada today announced the finalists for the 2017–18 edition of The Governor’s Challenge, a competition in which university students simulate the role of advisor to the Bank’s Governing Council. -
November 28, 2017
Vulnerabilities in the Canadian financial system remain elevated, but elements for improvement are emerging
The high level of household indebtedness and housing market imbalances remain the most important vulnerabilities identified by the Bank of Canada in its Financial System Review (FSR), published today. While these vulnerabilities are still elevated, improving economic conditions and recent changes to housing policy should support an easing of these vulnerabilities over time. -
November 15, 2017
Uncertainty can affect monetary policy actions, says Senior Deputy Governor Wilkins
Uncertainty is an important consideration for monetary policy decisions and, depending on the circumstances, it can prompt central banks to be more, or less, aggressive, Senior Deputy Governor Carolyn A. Wilkins told the Money Marketeers of New York University in a speech today. “Central bankers have well-established methods to deal with uncertainty in the conduct […] -
November 15, 2017
Bank of Canada and Bank of Korea sign currency swap agreement
The Bank of Canada and the Bank of Korea today announced a standing bilateral liquidity swap arrangement, effective immediately. -
November 7, 2017
Fundamental forces continue to drive inflation as economy evolves, Bank of Canada Governor Poloz says
MONTRÉAL, QUEBEC—The fundamental forces that have always driven inflation will continue to do so, even as the global economy evolves, Bank of Canada Governor Stephen S. Poloz said today. In a speech to CFA Montréal and the Montreal Council on Foreign Relations, Governor Poloz challenged the idea that recent softness in inflation in many advanced […] -
November 3, 2017
Statement on the Nomination of a New Federal Reserve Chair
The Bank of Canada congratulates Jerome Powell on his nomination as the new Chair of the Board of Governors of the Federal Reserve System. -
October 25, 2017
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
September 27, 2017
Monetary policy data dependent given unknowns in inflation outlook, Bank of Canada Governor Poloz says
The Bank of Canada’s approach to monetary policy has become particularly data dependent, because of significant unknowns around the inflation outlook as the Canadian economy nears its potential, Governor Stephen S. Poloz said today.