October 27, 2021
Access news on the Bank’s actions to support the economy and financial system during the COVID‑19 pandemic.
Monetary policy
October 27, 2021
The Canadian economy is once again growing robustly, and the recovery from COVID-19 continues. The Bank is forecasting growth of around 5 percent in 2021, 4 ¼ percent in 2022 and 3 ¾ percent in 2023.
Monetary Policy Report – October 2021
Content Type(s):
Publications,
Monetary Policy Report
September 8, 2021
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.
Content Type(s):
Press,
Press releases
Support to key financial markets
January 24, 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 (January 31-February 11)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
January 10, 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 (January 17-28)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
December 22, 2021
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 (January 3-14)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
Liquidity for individual financial institutions
August 10, 2020
Given the continued improvement in short-term funding conditions, the Bank of Canada (Bank) is announcing that the Bank’s temporary measure of allowing Large Value Transfer System (LVTS) participants to pledge 100 per cent of their total collateral using their non-mortgage loan portfolio (NMLP) for the LVTS and Standing Liquidity Facility (SLF) will be gradually reduced back to the regular level of 20 per cent of each participant's total pledged collateral.
Changes to the Bank of Canada’s Standing Liquidity Facility Policy Regarding the use of Non-Mortgage Loan Portfolio as Collateral
Content Type(s):
Press,
Market notices
Source(s):
Standing Liquidity Facility
July 20, 2020
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 the introduction of securities repo operations (SROs).
Bank of Canada announces new securities repo operations
Content Type(s):
Press,
Market notices
Source(s):
Securities Repo Operations
June 3, 2020
With substantial improvements in short-term funding conditions recently, as well as reduced participation since mid-April in the Bank’s extended Term Repo and Bankers’ Acceptance Purchase Facility (BAPF) operations, the Bank is making amendments to these programs.
Bank of Canada Announces Changes to Term Repo Operations and Bankers’ Acceptance Purchase Facility
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility,
Term repo operations
Speeches and statements
February 9, 2022
The role of Canadian business in fostering non-inflationary growth
Governor Tiff Macklem discusses how business investment and stronger productivity are vital to sustaining non-inflationary economic growth.
January 26, 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
December 15, 2021
Our monetary policy framework: Continuity, clarity and commitment
Governor Tiff Macklem discusses the Bank of Canada’s renewed monetary policy framework. He reviews Canada’s experience with flexible inflation targeting and explains why the Bank and the Government of Canada agreed to renew the 2 percent inflation target.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Central bank research,
Coronavirus disease (COVID-19),
Credibility,
Expectations,
Inflation and prices,
Inflation targets,
Labour markets,
Monetary policy,
Monetary policy and uncertainty,
Monetary policy communications,
Monetary policy framework,
Monetary policy implementation,
Recent economic and financial developments