Press

• October 28, 2020

  Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained 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
• October 19, 2020

  CARR’s mandate expanded to include analysis of CDOR

  The Canadian Fixed Income Forum (CFIF) has expanded the mandate of the Canadian Alternative Reference Rate working group (CARR) to include an analysis of the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• October 19, 2020

  The Bank of Canada launches the CORRA Advisory Group

  Earlier this year, the Bank of Canada became the administrator of the Canadian Overnight Repo Rate Average (CORRA) and since June has published this Canadian interest rate benchmark on its website using an improved methodology.

  Content Type(s): Press, Market notices Source(s): CORRA Advisory Group
• October 19, 2020

  Operational details for upcoming secondary market purchases of Government of Canada securities (October 26-November 6)

  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).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• October 15, 2020

  Bank of Canada announces changes to programs that support key financial markets

  As overall financial market conditions continue to improve in Canada, usage in several of the Bank of Canada’s programs that support the functioning of key financial markets has declined significantly.

  Content Type(s): Press, Market notices Source(s): Bankers’ Acceptance Purchase Facility, Canada Mortgage Bond Purchase Program, Term repo operations
• October 14, 2020

  Panel: Reinventing Bretton Woods Committee and the Chamber of Digital Commerce

  

  

  Central Bank Digital Currency and the Private Sector: A Recipe for Innovation? — Deputy Governor Timothy Lane participates in a panel discussion at the joint webinar Reinventing Bretton Woods Committee and the Chamber of Digital Commerce.

  Content Type(s): Press, Speeches and appearances, Webcasts Topic(s): Digital currencies and fintech
• October 9, 2020

  Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements

  Media Relations Ottawa, Ontario

  This joint press release announces the publication of a report identifying the foundational principles necessary for any publicly available central bank digital currencies to help central banks meet their public policy objectives.

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
• October 8, 2020

  COVID‑19 and the financial system

  Speech summary Tiff Macklem Global Risk Institute Toronto, Ontario

  Governor Tiff Macklem discusses financial risks from the COVID-19 pandemic that are affecting our economy and that could shape how well it recovers. He also talks about financial risks from climate change.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Climate change, Coronavirus disease (COVID-19), Financial services, Financial stability, Monetary policy
• October 8, 2020

  From COVID to climate—the importance of risk management

  Remarks (delivered virtually) Tiff Macklem The Global Risk Institute Toronto, Ontario

  Governor Tiff Macklem discusses the importance of financial risk management as Canada recovers from the pandemic, and as it deals with issues like climate change.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Climate change, Coronavirus disease (COVID-19), Financial services, Financial stability, Monetary policy
• October 8, 2020

  Global Risk Institute’s 10th anniversary Summit - Speech (Webcasts)

  

  

  The Global Risk Institute and the evolution of risks during a pandemic - Tiff Macklem, the Governor of the Bank of Canada, speaks by videoconference at the Global Risk Institute’s 10^th anniversary Summit. (8:30 (Eastern Time) approx.)

  Content Type(s): Press, Speeches and appearances, Webcasts