News

• July 5, 2021

  Canadian Survey of Consumer Expectations—Second Quarter of 2021

  This survey took place during the third wave of the COVID‑19 pandemic and coincided with the acceleration of vaccination efforts. Like the previous four surveys, this survey included questions on the impact of COVID‑19 and the measures to contain its spread. This survey also asked respondents how they are planning to use the extra savings they may have accumulated during the pandemic.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• June 16, 2021

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

  Opening statement Tiff Macklem Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
• June 10, 2021

  Going digital has helped the economy through COVID-19

  Speech summary Timothy Lane Western Canadian Chapters of Advocis Edmonton, Alberta, Vancouver, British Columbia, Winnipeg, Manitoba

  Deputy Governor Timothy Lane talks about the Bank’s decision yesterday to leave the policy rate unchanged. He also discusses how adopting digital technologies supported resilience during the COVID-19 pandemic.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Business fluctuations and cycles, Coronavirus disease (COVID-19), Inflation and prices, Interest rates, Labour markets, Monetary policy, Potential output, Productivity, Recent economic and financial developments
• June 9, 2021

  Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing

  Media Relations Ottawa, Ontario

  The Bank of Canada today held 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
• May 20, 2021

  Release of the Financial System Review

  Opening statement Tiff Macklem Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Climate change, Cyber security, Financial markets, Financial stability, Financial system regulation and policies, Housing, Recent economic and financial developments
• May 20, 2021

  Financial System Review Summary—2021

  

  Tiff Macklem, Timothy Lane, Lawrence L. Schembri, Paul Beaudry, Toni Gravelle

  The Canadian financial system proved resilient during the COVID-19 pandemic—thanks to strong risk management and unprecedented fiscal and monetary policy support.

  Content Type(s): Publications, Financial Stability Report
• May 13, 2021

  Including everyone helps all of us

  Speech summary Tiff Macklem Universities of Atlantic Canada Halifax, Nova Scotia

  Governor Tiff Macklem explains why including people from all backgrounds is good for the Bank of Canada and the entire economy.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Financial services, Monetary policy, Potential output
• April 27, 2021

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
• April 27, 2021

  Bank of Canada becomes inaugural member of new, international Central Bank Network for Indigenous Inclusion

  Media Relations Ottawa, Ontario

  Joint statement from the Bank of Canada, Te Pūtea Matua (Reserve Bank of New Zealand) and the Reserve Bank of Australia.

  Content Type(s): Press, Press releases
• April 22, 2021

  Annual Report 2020

  

  The Annual Report outlines the Bank’s activities and achievements in 2020. It includes the financial statements and a message from Governor Tiff Macklem.

  Content Type(s): Publications, Annual Report