Ottawa, Ontario

• March 18, 2020

  Bank of Canada employees to work remotely

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it has completed arrangements for all employees to telework until further notice to protect the health of our staff and reduce the risk of transmission of COVID-19.

  Content Type(s): Press, Announcements
• March 18, 2020

  Press Conference Opening Statement – March 18, 2020

  Opening statement Stephen S. Poloz Ottawa, Ontario

  The Bank of Canada has been working hard to ensure the financial system has sufficient liquidity so that credit continues to be available to businesses and households.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)
• March 13, 2020

  Bank of Canada lowers overnight rate target to ¾ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices.

  Content Type(s): Press, Press releases
• March 13, 2020

  Press Conference Opening Statement – March 13, 2020

  Opening statement Stephen S. Poloz Ottawa, Ontario

  The Bank of Canada is contributing to the collective effort to support the Canadian economy and financial system, and to ensure credit channels remain open.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)
• March 9, 2020

  Bank of Canada announces members of Advisory Council for next $5 bank note

  Media Relations Ottawa, Ontario

  The independent Advisory Council will develop a short list of iconic Canadians who could be featured on the next bank note.

  Content Type(s): Press, Press releases
• March 4, 2020

  Bank of Canada lowers overnight rate target to 1 ¼ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent.

  Content Type(s): Press, Press releases
• February 19, 2020

  Bank of Canada Announces Scholarship Recipients

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce the 2019-2020 recipients of its scholarship awards for women, Indigenous students and students with disabilities.

  Content Type(s): Press, Press releases Source(s): Scholarship awards
• February 18, 2020

  Bank of Canada to begin publishing Canadian Overnight Repo Rate Average in June

  Media Relations Ottawa, Ontario

  The Bank of Canada will take over the responsibility for publishing the Canadian Overnight Repo Rate Average (CORRA), effective Monday, June 15, 2020.

  Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
• February 10, 2020

  University of British Columbia crowned National Champion of The Governor’s Challenge

  Media Relations Ottawa, Ontario

  The University of British Columbia has won the Bank of Canada’s fifth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• January 29, 2020

  Bank of Canada launches public consultation for new $5 bank note

  Media Relations Ottawa, Ontario

  Minister of Finance Bill Morneau and Governor Stephen S. Poloz today announced that the Bank of Canada is launching public consultations to select an iconic Canadian to appear on the next $5 bank note.

  Content Type(s): Press, Press releases