News

The Circle will provide advice and recommendations on how Indigenous Peoples in Canada might be represented on future bank notes. They will also provide guidance to the Bank of Canada Museum on its collections, programs and exhibitions that relate to Indigenous Peoples.

The Bank of Canada today published its 2021 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.

Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.

The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.