News

Policies and initiatives that help keep core markets functioning continuously, including in times of stress, promote the overall safety and soundness of our financial system.

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

A well-functioning international monetary system is required to promote economic growth and prosperity, Governor Carney said, as he reviewed the evolution of the international monetary system.

In response to the worst financial crisis since the 1930s, policy-makers around the globe are providing unprecedented stimulus to support economic recovery and are pursuing a radical set of reforms to build a more resilient financial system.

The Bank of Canada announced today that Deputy Governor David Longworth will retire on 31 March 2010.