Press Releases

• July 19, 2017

  Bank of Canada recognizes RCMP’s Integrated Counterfeit Enforcement Team with Award of Excellence for Counterfeit Deterrence

  Media Relations Montréal, Quebec

  The Bank of Canada today presented the Royal Canadian Mounted Police’s Integrated Counterfeit Enforcement Team (ICET), C Division (Quebec), with the 2017 Law Enforcement Award of Excellence for Counterfeit Deterrence.

  Content Type(s): Press, Press releases
• July 12, 2017

  Bank of Canada increases overnight rate target to 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada is raising its target for the overnight rate to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

  Content Type(s): Press, Press releases
• June 27, 2017

  FSB issues a report on the financial stability implications from FinTech

  This FSB press release announces that a working group chaired by Bank of Canada Senior Deputy Governor Carolyn A. Wilkins published a report analyzing the potential financial stability implications of fintech.

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
• June 20, 2017

  Governor Poloz unveils new Bank of Canada Museum ahead of public opening on July 1, 2017

  Media Relations Ottawa, Ontario

  Governor Stephen S. Poloz today welcomed special guests from the government, business and the tourism sectors for a preview of the Bank of Canada Museum, which is opening soon.

  Content Type(s): Press, Press releases
• June 12, 2017

  Canadian economy showing encouraging signs, says Senior Deputy Governor Wilkins

  Media Relations Winnipeg, Manitoba

  With the adjustment to lower oil prices largely behind us, there are encouraging signs that growth is broadening across regions and sectors, Senior Deputy Governor Carolyn A. Wilkins told the Associates of the Asper School of Business in a speech today.

  Content Type(s): Press, Press releases
• June 8, 2017

  Household vulnerabilities have moved higher, but the financial system remains resilient

  Media Relations Ottawa, Ontario

  Household indebtedness and housing market imbalances—the most important vulnerabilities for the Canadian financial system—have moved higher over the past six months, the Bank of Canada said today in its Financial System Review (FSR).

  Content Type(s): Press, Press releases
• June 1, 2017

  Bank of Canada issues commemorative $10 bank note to mark the 150th anniversary of Confederation

  Media Relations Ottawa, Ontario

  The Bank of Canada today began circulating the $10 commemorative bank note that celebrates the 150^th anniversary of Confederation. Canadians can now obtain this special note at financial institutions. Only 40 million notes are being issued—roughly one for every Canadian.

  Content Type(s): Press, Press releases
• May 24, 2017

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• May 4, 2017

  Canada and Mexico both set to capitalize on current opportunities, Bank of Canada Governor Poloz says

  Media Relations Mexico City, Mexico

  Canada and Mexico share economic traits that leave both well placed to face global challenges and capitalize on opportunities, Bank of Canada Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• April 18, 2017

  Embrace automation and manage its side effects, says Senior Deputy Governor Wilkins

  Media Relations Toronto, Ontario

  Automation, artificial intelligence and other innovations will benefit the Canadian economy by boosting productivity and living standards, but they could also have less desirable side effects on the labour market and income distribution that will have to be managed, Bank of Canada Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases