News

• March 10, 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. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week.

  Content Type(s): Press, Press releases
• February 26, 2021

  Law Enforcement Award of Excellence for Counterfeit Deterrence

  The call for nominations is open until April 30, 2021.

  Content Type(s): Press, Announcements
• February 25, 2021

  New strategy embeds diversity and inclusion into Bank of Canada’s work

  The Bank of Canada has long recognized that the inclusion of diverse identities and ideas fosters innovative thinking that results in better policy outcomes for Canadians. It’s also the right thing to do. With today’s publication of its Diversity and Inclusion Strategy, the Bank is reinforcing its commitments to reduce any barriers to employment and support employees, while embedding diversity and inclusion into every aspect of its work.

  Content Type(s): Press, Announcements
• February 23, 2021

  Working toward a shared recovery

  Speech summary Tiff Macklem Edmonton Chamber of Commerce and the Calgary Chamber of Commerce Calgary, Alberta, Edmonton, Alberta

  Governor Tiff Macklem discusses how the economy and jobs could be different after the COVID-19 pandemic and what we can do to ensure that everyone benefits as the labour market recovers.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Labour markets, Monetary policy, Potential output, Recent economic and financial developments
• February 17, 2021

  Bank of Canada announces 2020-21 scholarship recipients

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students and students who identify as a woman or as a member of a visible minority or racialized group, or person of colour.

  Content Type(s): Press, Press releases Source(s): Scholarship awards
• February 16, 2021

  University of Alberta crowned National Champion of The Governor’s Challenge

  Media Relations Ottawa, Ontario

  The University of Alberta has won the Bank of Canada’s sixth 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
• February 11, 2021

  Canadian universities propose designs for a central bank digital currency

  The Bank of Canada is researching potential system designs and business models for a digital currency that, like a banknote, would be widely accessible, secure and denominated in Canadian dollars.

  Content Type(s): Press, Announcements Topic(s): Digital currencies and fintech
• February 10, 2021

  Changing how we pay

  Speech summary Timothy Lane Institute for Data Valorisation Montréal, Quebec

  Deputy Governor Timothy Lane discusses how the pandemic has accelerated the digitalization of the economy.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Bank notes, Coronavirus disease (COVID-19), Cryptocurrencies, Digital currencies and fintech, Payment clearing and settlement systems
• January 20, 2021

  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
• January 20, 2021

  Bank of Canada will hold current level of policy rate until inflation objective is 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