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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
February 25, 2021

New strategy embeds diversity and inclusion into Bank of Canada’s work

The Bank of Canada has long recognized that the inclusion of diverse identities and ideas fosters innovative thinking that results in better policy outcomes for Canadians. It’s also the right thing to do. With today’s publication of its Diversity and Inclusion Strategy, the Bank is reinforcing its commitments to reduce any barriers to employment and support employees, while embedding diversity and inclusion into every aspect of its work.
Content Type(s): Press, Announcements
February 23, 2021

Working toward a shared recovery

Speech summary Tiff Macklem Edmonton Chamber of Commerce and the Calgary Chamber of Commerce Calgary, Alberta, Edmonton, Alberta
Governor Tiff Macklem discusses how the economy and jobs could be different after the COVID-19 pandemic and what we can do to ensure that everyone benefits as the labour market recovers.
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