July 14, 2021
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July 14, 2021
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program
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.
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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
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Monetary Policy Report
July 12, 2021
Carolyn Rogers appointed as Senior Deputy Governor of the Bank of Canada
The Board of Directors of the Bank of Canada today announced that Carolyn Rogers has been appointed Senior Deputy Governor for a term of seven years beginning December 15, 2021.
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July 5, 2021
Results from the summer Business Outlook Survey point to continued improvement in business sentiment. Firms tied to high-contact services still face challenges but are becoming more confident that sales will pick up as vaccination rates rise. This suggests an important broadening in the recovery ahead.
Business Outlook Survey—Summer 2021
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Business Outlook Survey