News

• August 24, 2020

  Sûreté du Québec and Canada Border Services Agency win Bank of Canada counterfeit prevention award

  The Bank of Canada is pleased to announce the recipients of its 2020 Law Enforcement Award of Excellence for Counterfeit Deterrence.

  Content Type(s): Press, Announcements
• 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 20, 2020

  The Great Reset

  Presentation (delivered virtually) Paul Beaudry University of Victoria Victoria, British Columbia

  Deputy Governor Paul Beaudry speaks about Canada's transition to a lower-carbon economy in a virtual panel organized by the Victoria Forum.

  Content Type(s): Press, Speeches and appearances, Presentations Topic(s): Climate change
• 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

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)
• 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
• July 15, 2020

  Monetary Policy Report – July 2020

  

  The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.

  Content Type(s): Publications, Monetary Policy Report
• July 6, 2020

  A road map to payment systems

  

  Paul Miller, Ariel Olivares

  Your money on the move

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Payment clearing and settlement systems
• July 6, 2020

  Business Outlook Survey—Summer 2020

  Results from the summer Business Outlook Survey suggest that business sentiment is strongly negative in all regions and sectors due to impacts from the COVID 19 pandemic and the drop in oil prices. Firms reported that weak demand is reducing both capacity pressures and expectations for price growth.

  Content Type(s): Publications, Business Outlook Survey