News

Deputy Governor Toni Gravelle talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He explains the link between supply bottlenecks and high inflation and why the Bank thinks both will ease over time.

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.

On November 29 and 30, the Bank of Canada, in partnership with the Tulo Centre of Indigenous Economics and Te Pūtea Matua (Reserve Bank of New Zealand), hosted the inaugural Symposium on Indigenous Economies.

As part of a panel of central bankers, Deputy Governor Lawrence Schembri speaks about economic reconciliation and why it is “completely consistent with the Bank’s mandate.”

Governor Tiff Macklem speaks about the need for a more inclusive economy and says “taking concrete steps toward economic reconciliation is our responsibility too.”