April 21, 2021
Access news on the Bank’s actions to support the economy and financial system during the COVID‑19 pandemic.
Monetary policy
April 21, 2021
As the economy recovers from the COVID-19 pandemic, the Bank is forecasting growth of around 6 ½ percent this year, slowing to about 3 ¾ percent in 2022 and 3 ¼ percent in 2023.
Monetary Policy Report – April 2021
Content Type(s):
Publications,
Monetary Policy Report
March 10, 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. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week.
Content Type(s):
Press,
Press releases
Support to key financial markets
October 29, 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 1-12)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
October 18, 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 (October 25–November 5)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
October 4, 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 (October 11–22)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
Liquidity for individual financial institutions
April 3, 2020
Following the previous announcement regarding Additional Measures to Support Market Functioning, the Bank is announcing today that it is activating the Contingent Term Repo Facility (CTRF) effective Monday April 6, 2020 and that it will remain open for the next 12 months.
Bank of Canada Announces Activation of the Contingent Term Repo Facility
Content Type(s):
Press,
Market notices
Source(s):
Contingent Term Repo Facility
March 31, 2020
The Bank of Canada today welcomed the move by a number of Canadian banks, including the six largest, to draw on its new Standing Term Liquidity Facility (STLF).
Bank of Canada welcomes use of new liquidity facility by financial institutions
Content Type(s):
Press,
Press releases
Source(s):
Standing Term Liquidity Facility
March 30, 2020
The Bank of Canada announced today that it successfully launched its new Standing Term Liquidity Facility (STLF).
Bank of Canada announces successful launch of Standing Term Liquidity Facility
Content Type(s):
Press,
Press releases
Source(s):
Standing Term Liquidity Facility
Speeches and statements
October 27, 2021
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
September 9, 2021
Economic progress report: Monetary policy for the recovery
Remarks (delivered virtually)
Tiff Macklem
Fédération des chambres de commerce du Québec
Montréal, Quebec
Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and discusses how the Bank could adjust monetary policy and its quantitative easing program as the recovery progresses.
July 14, 2021
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