Ottawa, Ontario

• June 3, 2020

  Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• May 28, 2020

  Update: Bank of Canada asks retailers to continue accepting cash

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Announcements
• May 26, 2020

  Opening Statement before the Senate National Finance Committee

  Opening statement Stephen S. Poloz Senate National Finance Committee Ottawa, Ontario

  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 […]

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Monetary policy transmission, Recent economic and financial developments
• May 14, 2020

  Release of the Financial System Review

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Credit and credit aggregates, Financial markets, Financial stability, Financial system regulation and policies, Recent economic and financial developments
• 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.).

  Content Type(s): Press, Speeches and appearances, Webcasts
• May 1, 2020

  Tiff Macklem Appointed Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• May 1, 2020

  Statement by Governor Poloz on Announcement of New Governor

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz offers sincere best wishes to new Governor Tiff Macklem on a successful term

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2020

  Statement by Claire Kennedy on Announcement of New Governor

  Opening statement Claire M. C. Kennedy Ottawa, Ontario

  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.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2020

  Statement by Tiff Macklem on his announcement as New Governor

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor-designate Tiff Macklem applauds Stephen Poloz’s leadership of the Bank and explains how much he looks forward to returning to the Bank as its next Governor.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 16, 2020

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I welcome the opportunity to appear before you to discuss the Bank’s policy actions in response to the coronavirus pandemic, as well as our Monetary Policy Report (MPR), which we published yesterday. The Canadian economy is experiencing a significant and rapid contraction. The […]

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Inflation and prices, Monetary policy, Monetary policy transmission, Recent economic and financial developments