Press Releases

• October 13, 2023

  Bank of Canada designates additional prominent payment systems

  Media Relations Ottawa, Ontario

  Bank of Canada Governor Tiff Macklem has designated Visa Inc.’s VisaNet, Mastercard International Inc.’s Global Clearing Management System and Single Message System, and Interac Corp.’s Inter-Member Network as prominent payment systems under the Payment Clearing and Settlement Act, effective October 16, 2023.

  Content Type(s): Press, Press releases
• September 6, 2023

  Bank of Canada maintains policy rate, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases
• July 27, 2023

  Bank of Canada publishes its 2024 schedule for policy interest rate announcements and other major publications

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 12, 2023

  Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

  Content Type(s): Press, Press releases
• June 7, 2023

  Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%.

  Content Type(s): Press, Press releases
• May 25, 2023

  New exhibition Money in 10 Questions: Kids Edition opens at the Bank of Canada Museum

  Media Relations Ottawa, Ontario

  The Bank of Canada Museum is inviting children to visit a new exhibition that is inspired by questions they have about money. Money in 10 Questions: Kids Edition is a play-based experience that helps children understand money and how to handle it. The exhibit opens to the public on May 25 and includes special activities for families.

  Content Type(s): Press, Press releases
• May 23, 2023

  Bank of Canada Museum announces 2023 recipients of Award for Excellence in Teaching Economics

  Media Relations Ottawa, Ontario

  The Bank of Canada Museum is honouring two outstanding educators for their exceptional work in teaching students about the economy.

  Content Type(s): Press, Press releases
• May 12, 2023

  Rhys Mendes appointed as Deputy Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Rhys R. Mendes as Deputy Governor, effective July 17, 2023.

  Content Type(s): Press, Press releases
• May 8, 2023

  Bank of Canada launches public consultations on a digital dollar

  Media Relations Ottawa, Ontario

  The Bank of Canada is launching an online public consultation on the features that could be included in a digital Canadian dollar.

  Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
• April 24, 2023

  The Bank of Canada releases its Annual Report for 2022

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2022 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases