News

The Governing Council judges that the risks to the stability of Canada’s financial system remain high, as they were at the time of the June FSR. The sources of the key risks are similar to those highlighted in June, and emanate primarily from the external environment.

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

Deputy Governor John Murray discusses global growth and rebalancing.

The Bank of Canada announced that Her Majesty the Queen has approved the appointment of Mark Carney as Governor of the Bank of England effective 1 July 2013.  He will serve a five-year term. Governor Carney will continue to serve in his current position until 1 June to ensure a smooth transition to the next […]

Deputy Governor Tim Lane will discuss the global and Canadian economic outlook and outline the four main responsibilities of the Bank of Canada.