July 14, 2021
Access news on the Bank’s actions to support the economy and financial system during the COVID‑19 pandemic.
Monetary policy
July 14, 2021
As the economy reopens after the third wave of COVID-19, growth should rebound strongly. The Bank is forecasting growth of about 6 percent this year, slowing to about 4 ½ percent in 2022 and 3 ¼ percent in 2023.
Monetary Policy Report – July 2021
Content Type(s):
Publications,
Monetary Policy Report
June 9, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues 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
December 6, 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 (December 13-24)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
November 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 (November 29-December 10)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
November 8, 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 (November 15-26)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
Liquidity for individual financial institutions
April 24, 2020
Following the launch of the Bank of Canada’s new Standing Term Liquidity Facility (STLF), the terms and conditions have been revised to include term of up to ninety (90) days.
Bank of Canada Announces Further Enhancements to its Standing Term Liquidity Facility (STLF)
Content Type(s):
Press,
Market notices
Source(s):
Standing Term Liquidity Facility
April 21, 2020
Following the announcement of the Bank of Canada’s new market operations to improve market functioning to support its monetary policy actions, the Term Repo terms and conditions have been revised to include term repos up to 24 months.
Bank of Canada Announces Further Enhancements to its Term Repo Operations
Content Type(s):
Press,
Market notices
Source(s):
Term repo operations
April 9, 2020
The Bank of Canada continually reviews its collateral policy for the Standing Liquidity Facility (SLF) and its term repo operations.
Bank of Canada announces changes to eligibility requirements of Term ABS in the Bank of Canada’s Standing Liquidity Facility Collateral Policy
Content Type(s):
Press,
Market notices
Source(s):
Standing Liquidity Facility
Speeches and statements
December 9, 2021
Economic progress report: A recovery unlike any other
Deputy Governor Toni Gravelle provides an economic update and discusses the relationship between supply bottlenecks and inflation.
November 23, 2021
Financial stability through the pandemic and beyond
Remarks (delivered virtually)
Paul Beaudry
OSC Dialogue, Ontario Securities Commission
Toronto, Ontario
Deputy Governor Paul Beaudry provides an update on financial vulnerabilities and risks in Canada, including those stemming from the COVID-19 pandemic.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Asset pricing,
Central bank research,
Climate change,
Coronavirus disease (COVID-19),
Financial institutions,
Financial stability,
Housing,
Interest rates
November 16, 2021
Labour market uncertainties and monetary policy
Remarks (delivered virtually)
Lawrence L. Schembri
Canadian Association for Business Economics
Toronto, Ontario
Deputy Governor Lawrence Schembri talks about changes to the labour market, and how the pandemic affected Canadian workers. He also discusses how the Bank is adapting labour market analysis tools to help guide monetary policy decisions that will support a more inclusive recovery.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Coronavirus disease (COVID-19),
Economic models,
Inflation targets,
Labour markets,
Monetary policy and uncertainty,
Potential output