April 13, 2022
Access news on the Bank’s actions to support the economy and financial system during the COVID‑19 pandemic.
Monetary policy
April 13, 2022
Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023.
Monetary Policy Report – April 2022
Content Type(s):
Publications,
Monetary Policy Report
March 2, 2022
Bank of Canada increases policy interest rate
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.
Content Type(s):
Press,
Press releases
Support to key financial markets
April 13, 2022
As announced on April 13, 2022, the Bank of Canada is ending the reinvestment phase of its asset purchase program and beginning quantitative tightening (QT).
Bank of Canada provides operational details for quantitative tightening and announces that it will continue to implement monetary policy using a floor system
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
April 4, 2022
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).
Operational details for upcoming secondary market purchases of Government of Canada securities (April 11-22)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
March 21, 2022
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).
Operational details for upcoming secondary market purchases of Government of Canada securities (March 28-April 8)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
Liquidity for individual financial institutions
April 30, 2021
In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs).
Bank of Canada announces changes to securities repo operations
Content Type(s):
Press,
Market notices
Source(s):
Securities Repo Operations
March 23, 2021
As overall financial market conditions continue to improve in Canada, use of the Bank of Canada’s programs that were introduced in 2020 in response to the shock from COVID-19 to support the functioning of key Canadian financial markets, has declined significantly.
Bank of Canada announces the discontinuation of market functioning programs introduced during COVID-19
March 12, 2021
In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs).
Bank of Canada announces changes to securities repo operations
Content Type(s):
Press,
Market notices
Source(s):
Securities Repo Operations
International co-operation
March 24, 2020
Consistent with the direction from G7 Leaders, we are taking action and enhancing coordination on our dynamic domestic and international policy efforts to respond to the global health, economic, and financial impacts associated with the spread of the coronavirus disease 2019 (COVID-19).
Statement of G7 Finance Ministers and Central Bank Governors
Content Type(s):
Press,
Announcements
March 20, 2020
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to further enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.
Coordinated Central Bank Action to Further Enhance the Provision of U.S. Dollar Liquidity
Content Type(s):
Press,
Announcements
March 15, 2020
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.
Coordinated Central Bank Action to Enhance the Provision of Global U.S. Dollar Liquidity
Content Type(s):
Press,
Press releases
Speeches and statements
May 3, 2022
The Bank of Canada: A matter of trust
Senior Deputy Governor Carolyn Rogers discusses how the Bank of Canada’s independence and accountability help build public trust.
April 13, 2022
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem 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
March 25, 2022
A world of difference: Households, the pandemic and monetary policy
Remarks (delivered virtually)
Sharon Kozicki
Federal Reserve Bank of San Francisco Macroeconomics and Monetary Policy Conference
San Francisco, California
Bank of Canada Deputy Governor Sharon Kozicki discusses how differences among households affect economic outcomes, how shocks can have important uneven effects across households, and why these things matter for monetary policy.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Central bank research,
Coronavirus disease (COVID-19),
Domestic demand and components,
Economic models,
Housing,
Inflation and prices,
Labour markets,
Monetary policy,
Monetary policy framework,
Recent economic and financial developments