Press Releases

• December 9, 2020

  Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

  Content Type(s): Press, Press releases
• November 24, 2020

  Bank of Canada announces finalists for the sixth annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the five finalist teams in the 2020-21 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• November 19, 2020

  Reminder: Changes to legal tender status will take effect in 2021

  Media Relations Ottawa, Ontario

  In accordance with amendments to the Bank of Canada Act and the Currency Act approved by Parliament in 2018, the federal government will remove legal tender status from some older bank notes as of January 1, 2021.

  Content Type(s): Press, Press releases
• November 16, 2020

  Bank of Canada and OSFI launch pilot project on climate risk scenarios

  Media Relations Ottawa, Ontario

  The Bank of Canada and the Office of the Superintendent of Financial Institutions (OSFI) today announced plans for a pilot project to use climate-change scenarios to better understand the risks to the financial system related to a transition to a low-carbon economy.

  Content Type(s): Press, Press releases
• November 9, 2020

  Bank of Canada announces short list for next $5 bank note

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that the independent Advisory Council has selected a short list of eight iconic Canadians who could be featured on the next $5 bank note.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• November 5, 2020

  Bank of Canada Senior Deputy Governor Carolyn A. Wilkins to leave the Bank in December

  Media Relations Ottawa, Ontario

  Senior Deputy Governor Carolyn A. Wilkins has informed the Bank’s Board of Directors that her last day at the Bank will be December 9, 2020.

  Content Type(s): Press, Press releases
• October 28, 2020

  Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

  Content Type(s): Press, Press releases
• October 9, 2020

  Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements

  Media Relations Ottawa, Ontario

  This joint press release announces the publication of a report identifying the foundational principles necessary for any publicly available central bank digital currencies to help central banks meet their public policy objectives.

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
• September 17, 2020

  Bank of Canada Senior Deputy Governor Carolyn A. Wilkins will not seek second term

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada announced today that Senior Deputy Governor Carolyn A. Wilkins informed them that she will not seek a second term.

  Content Type(s): Press, Press releases
• September 9, 2020

  Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds.

  Content Type(s): Press, Press releases