March 3, 2022
Press
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March 2, 2022
Bank of Canada cancels today’s Securities Repo Operation due to internal systems issue
The Bank of Canada has cancelled the Securities Repo Operation (SRO) for March 2, 2022 after a data processing issue prevented the settlement of this morning’s auction. The affected primary dealers have been informed. -
March 2, 2022
Bank of Canada announces changes to its operations to reinforce its target for the overnight rate
Today the Bank confirmed that monetary policy will continue to be implemented via a floor system where the interest rate on the deposit facility is equal to the target for the overnight rate. To reinforce the Bank’s overnight target rate in a floor system with excess settlement balances, the Bank is also announcing changes to its Overnight Reverse Repo (ORR) operations. -
March 2, 2022
Bank of Canada increases policy interest rate
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. -
February 22, 2022
Bank of Canada announces 2021-2022 scholarship recipients
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. -
February 18, 2022
Operational details for upcoming secondary market purchases of Government of Canada securities (February 28-March 11)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). -
February 18, 2022
Deputy Governor Lawrence Schembri to Retire from the Bank of Canada
The Bank of Canada announced today that Deputy Governor Lawrence L. Schembri will retire on June 17, 2022. -
February 16, 2022
Speech: University of Calgary’s School of Public Policy
Central Bank Decision-Making in Turbulent Times — Deputy Governor Timothy Lane speaks by videoconference (13:30 (ET) approx.).
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February 16, 2022
Expecting the unexpected: Central bank decision making in turbulent times
Bank of Canada Deputy Governor Tim Lane discusses how the Bank responds to uncertainty in turbulent times. -
February 16, 2022
Navigating uncharted territory
Deputy Governor Tim Lane discusses how the Bank of Canada approached decision making during the unprecedented upheaval brought on by the COVID‑19 pandemic.