News

• September 6, 2024

  Bank of Canada launches the 2025 Fellowship Program

  The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2025 Governor’s Award. For this 2025 nomination period, we are not accepting applications for the Fellowship Award as all awards are currently held.

  Content Type(s): Press, Announcements Source(s): Fellowship Program
• September 4, 2024

  Bank of Canada reduces policy rate by 25 basis points to 4¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%.

  Content Type(s): Press, Press releases
• September 4, 2024

  Monetary Policy Decision 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.

  Content Type(s): Press, Speeches and appearances, Opening statements
• August 27, 2024

  How high productivity helps fight inflation

  Higher productivity helps keep prices down and wages up. It gives workers more money to spend and increases the value they get when they spend it. And it allows businesses to weather cost increases without having to raise prices. All together, these factors drive economic growth.

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Inflation and prices, Productivity
• August 14, 2024

  Canada Border Services Agency wins Bank of Canada counterfeit deterrence award

  The Bank of Canada is pleased to announce the recipients of its 2024 Law Enforcement Award of Excellence for Counterfeit Deterrence.

  Content Type(s): Press, Announcements
• August 8, 2024

  Bank of Canada engages experts to assess internal review of exceptional policy actions during pandemic

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today the names of three external experts who will provide an independent assessment of its review of exceptional policy actions taken during the COVID-19 pandemic.

  Content Type(s): Press, Press releases
• August 7, 2024

  Summary of Governing Council deliberations: Fixed announcement date of July 24, 2024

  This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 24, 2024.

  Content Type(s): Publications, Summary of deliberations
• August 6, 2024

  Bank of Canada publishes its 2025 schedule for policy interest rate announcements and other major publications

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report.

  Content Type(s): Press, Press releases
• August 2, 2024

  Market Participants Survey—Second Quarter of 2024

  The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.

  Content Type(s): Publications, Market Participants Survey
• July 24, 2024

  Bank of Canada reduces policy rate by 25 basis points to 4½%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization.

  Content Type(s): Press, Press releases