Press Releases

• February 10, 2020

  University of British Columbia crowned National Champion of The Governor’s Challenge

  Media Relations Ottawa, Ontario

  The University of British Columbia has won the Bank of Canada’s fifth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• February 5, 2020

  Securing long-term prosperity is up to all of us, Senior Deputy Governor Wilkins says

  Media Relations Toronto, Ontario

  In remarks to the Economic Club of Canada, Senior Deputy Governor Carolyn A. Wilkins said aging populations and weak productivity gains are holding back prospects in many advanced economies, including Canada’s.

  Content Type(s): Press, Press releases
• January 29, 2020

  Bank of Canada launches public consultation for new $5 bank note

  Media Relations Ottawa, Ontario

  Minister of Finance Bill Morneau and Governor Stephen S. Poloz today announced that the Bank of Canada is launching public consultations to select an iconic Canadian to appear on the next $5 bank note.

  Content Type(s): Press, Press releases
• January 22, 2020

  Bank of Canada maintains overnight rate target at 1 ¾ percent

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• December 12, 2019

  Inflation-target renewal, impact of technology highlight Bank of Canada’s 2020 work plan, Governor Poloz says

  Media Relations Toronto, Ontario

  Work toward renewing Canada’s inflation-targeting framework and understanding the impact of digital technology highlight a packed agenda for the Bank of Canada in 2020, Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• December 6, 2019

  Bank of Canada Governor Stephen S. Poloz to step down in June 2020

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada announced today that Governor Stephen S. Poloz has informed them that he will not seek a second term as Governor when his seven-year term expires on June 2, 2020.

  Content Type(s): Press, Press releases
• December 4, 2019

  Bank of Canada maintains overnight rate target at 1 ¾ percent

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• November 28, 2019

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

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the five finalist teams in the 2019-20 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 19, 2019

  Canada’s financial system is resilient amid global uncertainty, Senior Deputy Governor Wilkins says

  Media Relations Montréal, Quebec

  The Canadian financial system and economy are in good shape to deal with whatever storms might arise from a weakening global context, Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases
• October 30, 2019

  Bank of Canada maintains overnight rate target at 1 ¾ percent

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases