June 16, 2020
Ottawa, Ontario
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June 15, 2020
Bank of Canada becomes administrator of Canadian Overnight Repo Rate Average
The Bank of Canada is now the administrator of the Canadian Overnight Repo Rate Average (CORRA) and will post today the first rate calculated using an improved methodology. -
June 3, 2020
Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve
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. -
May 28, 2020
Update: Bank of Canada asks retailers to continue accepting cash
During this time of heightened public health measures intended to limit the transmission of COVID-19, some consumers and businesses are choosing not to use cash to limit potential exposure. -
May 26, 2020
Opening Statement before the Senate National Finance Committee
Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I welcome the opportunity to appear before you to discuss the Bank of Canada’s actions in response to the coronavirus pandemic. Since the pandemic began, the Bank has had two goals in mind. In the short term, we have been working to help […] -
May 14, 2020
Release of the Financial System Review
Press conference following the release of the Financial System Review. -
May 14, 2020
Financial System Review - Press Conference (Webcasts) - May 2020
Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins. (10:30 (ET) approx.).
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May 1, 2020
Tiff Macklem Appointed Governor of the Bank of Canada
The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020. -
May 1, 2020
Statement by Governor Poloz on Announcement of New Governor
Governor Stephen S. Poloz offers sincere best wishes to new Governor Tiff Macklem on a successful term -
May 1, 2020
Statement by Claire Kennedy on Announcement of New Governor
Lead Director Claire Kennedy congratulates Tiff Macklem on being selected as the 10th Governor of the Bank of Canada and thanks Stephen Poloz for his service.