October 9, 2020
Ottawa, Ontario
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September 17, 2020
Bank of Canada Senior Deputy Governor Carolyn A. Wilkins will not seek second term
The Board of Directors of the Bank of Canada announced today that Senior Deputy Governor Carolyn A. Wilkins informed them that she will not seek a second term. -
September 10, 2020
Supporting growth and greater opportunity
Governor Tiff Macklem outlines how the COVID-19 recession has had an uneven impact on Canadians and discusses the Bank’s decision yesterday to leave the policy rate unchanged. -
September 10, 2020
Canadian Chamber of Commerce - Press Conference (Webcasts)
Governor Tiff Macklem of the Bank of Canada takes questions from reporters after delivering a virtual speech on the key issues behind the Bank of Canada’s September 9 rate decision. (13:45 (Eastern Time) approx.)
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September 10, 2020
Economic progress report: a very uneven recovery
Governor Tiff Macklem discusses the Bank’s latest interest rate announcement and explains the uneven impact that the COVID-19 pandemic is having on different sectors and people. -
September 10, 2020
Canadian Chamber of Commerce - Speech (Webcasts)
The uneven effects of COVID-19 on different sectors and people in the economy - Tiff Macklem, the Governor of the Bank of Canada, speaks by videoconference before the Canadian Chamber of Commerce. (12:30 (Eastern Time) approx.)
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September 9, 2020
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. -
August 26, 2020
Closing remarks
Senior Deputy Governor Carolyn A. Wilkins concluded a day-long workshop on the renewal of the monetary policy framework with a summary of the discussions, and she outlined next steps on the path to the 2021 renewal. -
August 26, 2020
Opening remarks
Senior Deputy Governor Carolyn A. Wilkins discusses the challenges the Bank of Canada is facing as it seeks to renew its inflation-control target in 2021. Kicking off a day-long workshop on the renewal of the monetary policy framework, she explains how the Bank’s research on alternative frameworks is shaping up and invites discussion of how the COVID-19 crisis has changed what is known about alternative policy tools in action. -
August 24, 2020
Bank of Canada launches public consultation on inflation targeting
The Bank of Canada today launched an online public consultation to gather Canadians’ views on the Bank’s approach to monetary policy. The “Let’s Talk Inflation” campaign is part of an effort to reach out to all Canadians before the Bank renews its agreement with the federal government on the monetary policy framework in 2021.