Press Releases

• August 24, 2020

  Bank of Canada launches public consultation on inflation targeting

  Media Relations Ottawa, Ontario

  The Bank of Canada today launched an online public consultation to gather Canadians’ views on the Bank’s approach to monetary policy. The “Let’s Talk Inflation” campaign is part of an effort to reach out to all Canadians before the Bank renews its agreement with the federal government on the monetary policy framework in 2021.

  Content Type(s): Press, Press releases
• August 10, 2020

  Bank of Canada designates Interac e‑Transfer as a prominent payment system

  Media Relations Ottawa, Ontario

  Bank of Canada Governor Tiff Macklem has designated Interac e‑Transfer® as a prominent payment system under the Payment Clearing and Settlement Act, effective August 10, 2020. This brings Bank oversight to this payment system and ensures it remains a safe, viable and effective method of payment for Canadians.

  Content Type(s): Press, Press releases
• July 30, 2020

  Bank of Canada publishes its 2021 schedule for policy interest rate announcements and other major publications, makes change to effective date of rate decisions

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2021 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 15, 2020

  Bank of Canada will maintain current level of policy rate until inflation objective is achieved, 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.

  Content Type(s): Press, Press releases
• June 30, 2020

  Bank of Canada partners with the Bank for International Settlements to launch innovation centre

  Media Relations Ottawa, Ontario

  The Bank for International Settlements (BIS) and the Bank of Canada announced today they will be launching a BIS Innovation Hub centre to advance fintech innovation within the central banking community.

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
• June 15, 2020

  Bank of Canada becomes administrator of Canadian Overnight Repo Rate Average

  Media Relations Ottawa, Ontario

  The Bank of Canada is now the administrator of the Canadian Overnight Repo Rate Average (CORRA) and will post today the first rate calculated using an improved methodology.

  Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
• June 3, 2020

  Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

  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.

  Content Type(s): Press, Press releases
• May 25, 2020

  Risk management approach will help guide policy through unknowable times, Governor Poloz says

  Media Relations Edmonton, Alberta

  A risk management approach to monetary policy will help guide the Bank of Canada’s actions as the economy goes through extreme uncertainty stemming from the COVID-19 pandemic, Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• May 6, 2020

  The Bank of Canada Releases Its Annual Report for 2019

  Media Relations

  The Bank of Canada’s Annual Report for 2019 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• May 1, 2020

  Tiff Macklem Appointed Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020.

  Content Type(s): Press, Press releases