The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.
Results from the autumn Business Outlook Survey indicate that business sentiment improved slightly, but regional differences are more pronounced. Positive views in Central Canada contrast with widespread weakness in the Prairies.
For household lending, mortgage conditions ease this quarter while non-mortgage lending conditions tightened. Overall business lending conditions were unchanged, with a slight tightening in non-price conditions and unchanged price conditions.
The Bank of Canada and Sveriges Riksbank jointly organized this conference on October 17 and 18, 2019 at the Bank of Canada headquarters in Ottawa, Ontario. The event aimed at providing a forum for central bankers and academic researchers to discuss the arguments for and against the issuance of CBDC and under what conditions, if any, governments should issue their own digital currencies.
The Bank of Canada and the Federal Reserve Bank of San Francisco hosted the 7th Conference on Fixed Income Markets, discussing the implications for monetary policy of new research that focuses on bond and money markets.