News

The Bank of Canada today announced a new student competition—The Governor’s Challenge—where teams simulate the role of monetary policy advisor to the Bank's Governing Council. Over 100 undergraduates from 22 universities across Canada are taking part in 2015–16, the competition’s inaugural year.

Today, the Bank of Canada published its updated framework for financial market operations and liquidity provision.

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

Deputy Governor Lynn Patterson discusses the Bank of Canada’s core functions and the global and Canadian economic outlook.

Further to the 26 October 2015 announcement that Deputy Governor Agathe Côté will retire at the end of January 2016, the process to appoint her successor has been initiated. The Board of Directors has formed a selection committee to conduct the search and selection process, with the assistance of global executive recruiting firm Boyden.