Ottawa, Ontario

• 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
• April 15, 2020

  Monetary Policy Report - Press Conference (Webcasts) - April 2020

  

  

  Release of the Monetary Policy Report - 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
• April 15, 2020

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)
• April 15, 2020

  Bank of Canada maintains overnight rate target and unveils new market operations

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system.

  Content Type(s): Press, Press releases
• March 27, 2020

  Press Conference Opening Statement – March 27, 2020

  Opening statement Stephen S. Poloz Ottawa, Ontario

  This unscheduled rate decision brings the policy rate to its effective lower bound, to provide support to the Canadian financial system and to the economy during the COVID-19 pandemic.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)
• March 27, 2020

  Bank of Canada lowers overnight rate target to ¼ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.

  Content Type(s): Press, Press releases