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 %.
Access news on the Bank’s actions to support the economy and financial system during the COVID‑19 pandemic.
Monetary policy
January 26, 2022
Bank of Canada maintains policy rate, removes exceptional forward guidance
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.
Content Type(s):
Press,
Press releases
January 26, 2022
Monetary Policy Report – January 2022
The Canadian economy entered 2022 in a strong position. The Bank is forecasting growth of 4% in 2022 and about 3½ % in 2023.
Content Type(s):
Publications,
Monetary Policy Report
Support to key financial markets
March 7, 2022
Operational details for upcoming secondary market purchases of Government of Canada securities (March 14-25)
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).
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
February 18, 2022
Operational details for upcoming secondary market purchases of Government of Canada securities (February 28-March 11)
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).
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
February 7, 2022
Operational details for upcoming secondary market purchases of Government of Canada securities (February 14-25)
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).
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
Liquidity for individual financial institutions
January 22, 2021
Bank of Canada announces changes to securities repo operations
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).
Content Type(s):
Press,
Market notices
Source(s):
Securities Repo Operations
November 9, 2020
Bank of Canada announces amendments to targeted facilities and programs that support liquidity and short-term funding markets
Reflecting the continued improvement in the functioning of short-term funding markets and financial markets more generally, the Bank of Canada (the Bank) is announcing amendments to the Provincial Money Market Purchase (PMMP) program and to the amount of Government of Canada treasury bills acquired at auction.
Content Type(s):
Press,
Market notices
Source(s):
Provincial Money Market Purchase Program,
Standing Term Liquidity Facility
October 15, 2020
Bank of Canada announces changes to programs that support key financial markets
As overall financial market conditions continue to improve in Canada, usage in several of the Bank of Canada’s programs that support the functioning of key financial markets has declined significantly.
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility,
Canada Mortgage Bond Purchase Program,
Term repo operations
International co-operation
March 3, 2020
Statement of G7 Finance Ministers and Central Bank Governors
We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions.
Content Type(s):
Press,
Press releases
Speeches and statements
March 3, 2022
Opening Statement before the House of Commons Standing Committee on Finance
Opening statement (delivered virtually)
Tiff Macklem
House of Commons Standing Committee on Finance
Ottawa, Ontario
March 3, 2022
Economic progress report: Controlling inflation
Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and what’s driving inflation in Canada. He also discusses how the Bank will manage the next step in the Bank’s balance sheet operations – quantitative tightening.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Coronavirus disease (COVID-19),
Domestic demand and components,
Expectations,
Inflation and prices,
Interest rates,
International topics,
Monetary aggregates,
Monetary policy,
Monetary policy and uncertainty,
Monetary policy communications,
Monetary policy implementation,
Monetary policy transmission,
Price stability,
Recent economic and financial developments,
Sectoral balance sheet
February 16, 2022
Expecting the unexpected: Central bank decision making in turbulent times
Remarks (delivered virtually)
Timothy Lane
School of Public Policy, University of Calgary
Calgary, Alberta
Bank of Canada Deputy Governor Tim Lane discusses how the Bank responds to uncertainty in turbulent times.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Coronavirus disease (COVID-19),
Monetary policy and uncertainty