Press Releases

• December 11, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

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

  Bank of Canada publishes applicants’ list of retail payment service providers

  Media Relations Ottawa, Ontario

  The Bank of Canada today published the list of companies that have applied to be registered under the Retail Payment Activities Act (RPAA).

  Content Type(s): Press, Press releases Topic(s): Retail payments supervision
• November 25, 2024

  Bank of Canada announces finalists for the tenth annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the six finalist teams in the 2024-25 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• November 1, 2024

  Bank of Canada Opens Registration Period for Payment Service Providers

  Media Relations Ottawa, Ontario

  The Bank of Canada said today it has opened the registration period for retail payment service providers (PSPs) that are subject to the Retail Payments Activities Act (RPAA).

  Content Type(s): Press, Press releases Topic(s): Retail payments supervision
• October 23, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¾%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

  Content Type(s): Press, Press releases
• October 3, 2024

  Bank of Canada Board launches process to appoint additional external Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada has initiated a recruitment process to fill a new external Deputy Governor position. The Board has formed a selection committee to spearhead the selection process and has retained recruitment firm Boyden to assist with the open external search process.

  Content Type(s): Press, Press releases
• October 1, 2024

  The Bank of Canada Museum launches a new free educational resource “You Are the Economy”

  Media Relations Ottawa, Ontario

  The Bank of Canada Museum is excited to introduce “You Are the Economy,” a comprehensive suite of six free lesson plans on economic and financial literacy for Grade 7–12 students across Canada.

  Content Type(s): Press, Press releases
• September 23, 2024

  Bank of Canada announces Reconciliation Action Plan

  Media Relations Ottawa, Ontario

  The Bank of Canada today unveiled its first Reconciliation Action Plan.

  Content Type(s): Press, Press releases
• 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
• 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