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March 5, 2020
Labour market is key to Canada’s resilience
Governor Stephen S. Poloz talks about how the labour market is a key source of resilience for Canada’s economy and reviews the Bank of Canada’s decision to lower interest rates.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Coronavirus disease (COVID-19),
Interest rates,
Labour markets,
Monetary policy,
Recent economic and financial developments
March 4, 2020
Bank of Canada lowers overnight rate target to 1 ¼ percent
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent.
Content Type(s):
Press,
Press releases
March 3, 2020
Statement of G7 Finance Ministers and Central Bank Governors
We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions.
Content Type(s):
Press,
Press releases
February 25, 2020
Exploring new ways to pay
Deputy Governor Timothy Lane explains how the Bank of Canada is preparing for a future where Canadians may need a digital currency issued by their central bank.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Cryptoassets,
Cryptocurrencies,
Digital currencies and fintech