Press Releases

• February 10, 2015

  Economy Has Room to Grow, Says Senior Deputy Governor Carolyn Wilkins

  Media Relations Ottawa, Ontario

  The Canadian economy still has room to grow, and the sharp drop in oil prices is a setback, Bank of Canada Senior Deputy Governor Carolyn Wilkins said in Ottawa today, adding that monetary policy will support the needed adjustments. As the Bank assesses the underlying inflation pressures in the Canadian economy, it is critical that […]

  Content Type(s): Press, Press releases
• January 21, 2015

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

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point 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
• December 16, 2014

  Bank of Canada publishes results of consultation on bank note design principles

  Media Relations Ottawa, Ontario

  The Bank of Canada today published a summary of the comments it received in an online consultation on the principles guiding the design of the country’s bank notes.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• December 11, 2014

  Financial reform is essential but must not stifle innovation, says Bank of Canada Governor Stephen S. Poloz

  Media Relations New York, New York

  Global financial reforms have made the financial system safer, but regulators must ensure that the new rules do not stifle innovation, Bank of Canada Governor Stephen S. Poloz said today in a speech in New York on the future of the financial industry. “I see such innovation in financial intermediation as essential to fostering regulatory […]

  Content Type(s): Press, Press releases
• December 10, 2014

  Bank of Canada says household imbalances remain most important risk to financial stability

  Media Relations Ottawa, Ontario

  Risks to Canada’s financial system have not increased in the past six months, but high consumer debt loads and imbalances in the housing market remain a concern, the Bank of Canada said today in itsbiannual Financial System Review (FSR). “We judge that the probability of an adverse shock has eased since our June FSR,” said […]

  Content Type(s): Press, Press releases
• December 5, 2014

  Bank of Canada invites Canadians to propose design ideas for a bank note marking Canada’s 150th anniversary

  Media Relations Ottawa, Ontario

  The Bank of Canada is inviting Canadians to propose ideas for the design of a new bank note to celebrate the 150th anniversary of Confederation in 2017.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• December 3, 2014

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• November 13, 2014

  Bank of Canada is Keeping a Close Eye on E-Money, Says Senior Deputy Governor Carolyn Wilkins

  Media Relations Waterloo, Ontario

  The Bank of Canada is keeping a close eye on the risks posed by new forms of electronic money, given that the Bank’s job is to issue currency, promote financial stability and oversee Canada’s payment systems, Senior Deputy Governor Carolyn Wilkins said today in Waterloo, Ontario. E-money is electronically-stored value that is not linked to […]

  Content Type(s): Press, Press releases
• November 8, 2014

  Bank of Canada announces signing of reciprocal 3-year Canadian- dollar/renminbi bilateral swap arrangement

  Ottawa, Ontario

  The reciprocal currency swap arrangement is part of the initiative announced today by the Government of Canada to promote increased trade and investment between Canada and China.

  Content Type(s): Press, Press releases
• November 3, 2014

  Bank of Canada Policy Appropriate in the Face of Uncertainty, Says Governor Stephen S. Poloz

  Media Relations Toronto, Ontario

  The Bank of Canada’s monetary policy is appropriate to return Canadian inflation to its 2 per cent target as worldwide economic uncertainty lingers, Governor Stephen S. Poloz said today in Toronto. The global economy is facing significant headwinds that could restrain growth for a prolonged period, including efforts by households and financial institutions to reduce their debt and those by governments to […]

  Content Type(s): Press, Press releases