News

• June 7, 2018

  Financial System Review - June 2018

  

  This issue of the Financial System Review reflects the Bank’s judgment that high household indebtedness and housing market imbalances remain the most important vulnerabilities. While these vulnerabilities remain elevated, policy measures continue to improve the resilience of the financial system. A third vulnerability highlighted in the FSR concerns cyber threats to an interconnected financial system.

  Content Type(s): Publications, Financial Stability Report
• May 31, 2018

  A Progress Report on the Economy

  Remarks Sylvain Leduc Association des économistes québécois and CFA Québec Québec, Québec

  Deputy Governor Sylvain Leduc discusses the issues that led Governing Council to hold the policy interest rate at 1.25 per cent in their May 30 decision.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
• May 30, 2018

  Bank of Canada maintains overnight rate target at 1¼ per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent.

  Content Type(s): Press, Press releases
• May 28, 2018

  Bank of Canada to participate in Doors Open Ottawa 2018

  On Saturday, June 2, we invite the public to join us at the Bank of Canada’s headquarters on Wellington Street for Doors Open Ottawa 2018.

  Content Type(s): Press, Announcements
• May 16, 2018

  The (Mostly) Long and Short of Potential Output

  Remarks Lawrence L. Schembri Ottawa Economics Association and CFA Society Ottawa Ottawa, Ontario

  Deputy Governor Lawrence Schembri discusses the importance of potential output to monetary policy, as well as policy challenges and opportunities in a world of low potential output growth.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation targets, Interest rates, Labour markets, Monetary policy, Monetary policy framework, Potential output, Productivity
• May 9, 2018

  Strengthening Our Cyber Defences

  Remarks Filipe Dinis Payments Canada Toronto, Ontario

  Chief Operating Office Filipe Dinis outlines how the Bank is strengthening its cyber defenses and helping improve the financial system’s cyber resilience and its ability to recover quickly from attacks.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Cyber defenses, Cyber security, Financial stability, Payment clearing and settlement systems
• May 1, 2018

  Bank of Canada policy helps manage risks from debt, Governor Poloz says

  Media Relations Yellowknife, Northwest Territories

  Elevated household debts make the Canadian economy more vulnerable to events that could affect growth and financial stability, and the Bank of Canada’s cautious approach to monetary policy is helping manage the risks, Governor Stephen S. Poloz said today. In a speech to the Yellowknife Chamber of Commerce, Governor Poloz said that high household debt […]

  Content Type(s): Press, Press releases
• May 1, 2018

  Canada’s Economy and Household Debt: How Big Is the Problem?

  Remarks Stephen S. Poloz Yellowknife Chamber of Commerce Yellowknife, Northwest Territories

  Governor Poloz talks about household debt and how it will affect Canada’s economy and monetary policy for years.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credit and credit aggregates, Financial services, Financial stability, Interest rates, Monetary policy, Recent economic and financial developments
• April 25, 2018

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Stephen S. Poloz Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are pleased to be back before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published last week. When we were last here at the beginning of November, we saw signs that the Canadian economy was moderating after an […]

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation and prices, Monetary policy, Monetary policy transmission, Recent economic and financial developments
• April 23, 2018

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are pleased to be with you today to discuss the Bank’s Monetary Policy Report (MPR), which we published last week. At the time of our last appearance in October, we saw signs that the Canadian economy was moderating after an exceptionally strong […]

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation and prices, Monetary policy, Monetary policy transmission, Recent economic and financial developments