Press

• July 12, 2023

  Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases
• July 12, 2023

  Bank of Canada interest rate announcement and release of the Monetary Policy Report

  On Wednesday, July 12, 2023, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision.

  Content Type(s): Press, Media advisories
• June 30, 2023

  CARR releases its recommendations for legacy securities tied to CDOR

  Today, the Canadian Alternative Reference Rate working group (CARR) published its paper on legacy securities linked to CDOR (i.e. securities referencing CDOR that mature after CDOR’s cessation).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• June 30, 2023

  The Bank of Canada releases the second quarter issues of the Business Outlook Survey and the Canadian Survey of Consumer Expectations

  On Friday, June 30, 2023, the Bank of Canada will release the second quarter issue of the Business Outlook Survey and the Canadian Survey of Consumer Expectations.

  Content Type(s): Press, Media advisories
• June 27, 2023

  Panel participation by Sharon Kozicki, Deputy Governor of the Bank of Canada

  On Tuesday, June 27, 2023, Sharon Kozicki, Deputy Governor of the Bank of Canada, will participate in a panel discussion at the ECB Forum on Central Banking 2023.

  Content Type(s): Press, Media advisories
• June 21, 2023

  Release of the Bank of Canada’s summary of deliberations

  On Wednesday, June 21, 2023, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on June 7, 2023.

  Content Type(s): Press, Media advisories
• June 20, 2023

  The Daily Courier

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with the Kelowna Daily Courier

  Content Type(s): Press, Media activities
• June 14, 2023

  Bank of Canada Media Interview – Kelowna Daily Courier

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Barb Aguiar of The Daily Courier on Tuesday, June 13.  The interview will be published online and in print in the coming days.

  Content Type(s): Press, Media advisories
• June 9, 2023

  CDOR Transition – Implications for transactions as stage 1 ends and stage 2 begins

  The first stage of CARR’s two-staged transition plan will be completed on June 30, 2023. Market participants are expected to have transitioned all new derivative (bilateral, cleared and exchange traded) and securities transactions to CORRA benchmarks, with limited exceptions, after June 30, 2023.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• June 8, 2023

  Bank of Canada Media Interview – The Canadian Press

  Paul Beaudry, Deputy Governor of the Bank of Canada, gave an interview to Nojoud Al Mallees of The Canadian Press.  The interview will be published online and in print.

  Content Type(s): Press, Media advisories