March 13, 2020
Press
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March 13, 2020
Bank of Canada lowers overnight rate target to ¾ percent
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices. -
March 13, 2020
Bank of Canada’s Intention to Introduce a Bankers’ Acceptance Purchase Facility
In order to support the continuous functioning of financial markets, the Bank of Canada (Bank) is announcing its intention to launch the Bankers’ Acceptance Purchase Facility (BAPF). -
March 13, 2020
Press Conference Opening Statement – March 13, 2020
The Bank of Canada is contributing to the collective effort to support the Canadian economy and financial system, and to ensure credit channels remain open. -
March 12, 2020
Bank of Canada Announces the Expansion of its Bond Buyback Program and Term Repo Operations
In order to support the continuous functioning of financial markets through the provision of liquidity, the Bank of Canada announced two measures today. -
March 9, 2020
Bank of Canada announces members of Advisory Council for next $5 bank note
The independent Advisory Council will develop a short list of iconic Canadians who could be featured on the next bank note. -
March 5, 2020
Labour market is key to Canada’s resilience
Governor Stephen S. Poloz talks about how the labour market is a key source of resilience for Canada’s economy and reviews the Bank of Canada’s decision to lower interest rates. -
March 5, 2020
Women in Capital Markets - Press Conference (Webcasts)
Economic Progress Report - Stephen S. Poloz, the Governor of the Bank of Canada, speaks before Women in Capital Markets (14:15 (Eastern Time) approx.)
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March 5, 2020
Women in Capital Markets - Speech (Webcasts)
Economic Progress Report - Stephen S. Poloz, the Governor of the Bank of Canada, speaks before Women in Capital Markets (13:00 (Eastern Time) approx.)
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March 5, 2020
Economic Progress Report: We All Have Work to Do
Governor Stephen S. Poloz discusses the Bank’s latest interest rate announcement as well as Canada’s labour market—an important source of economic resilience.