March 5, 2018
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February 27, 2018
Background information on the bank note legal tender initiative in Budget 2018
The Bank of Canada today published additional information on the federal government’s 2018 budget initiative to seek the authority to remove legal tender status from Canadian bank notes.
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Press releases
February 12, 2018
Wilfrid Laurier University crowned National Champion of The Governor’s Challenge
Wilfrid Laurier University has won the Bank of Canada’s third annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.
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Press,
Press releases
Source(s):
The Governor's Challenge
February 8, 2018
Inclusive growth can come through innovation, says Senior Deputy Governor Wilkins
The digital economy holds promise for higher overall living standards in the future, but it could leave some behind, Senior Deputy Governor Carolyn A. Wilkins told an audience of G7 deputies today. “Technological progress will raise economic growth, although the channels through which it contributed to rising inequality in the past are still forces to […]
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January 17, 2018
Bank of Canada increases overnight rate target to 1 1/4 per cent
The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.
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January 10, 2018
Bank of Canada announces 2017–18 scholarship recipients
The Bank of Canada is pleased to announce this year’s recipients of its Scholarship and Work Placement Program for Indigenous students and students with disabilities.
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Press,
Press releases
Source(s):
Scholarship awards
December 14, 2017
Economy making solid progress, but more work to be done, Bank of Canada Governor Poloz says
The Canadian economy has made excellent progress during 2017, but there is still important work to be done on several longer-term issues, Bank of Canada Governor Stephen S. Poloz said today.
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December 6, 2017
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
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Press,
Press releases
November 29, 2017
Bank of Canada announces finalists for the third annual Governor’s Challenge
The Bank of Canada today announced the finalists for the 2017–18 edition of The Governor’s Challenge, a competition in which university students simulate the role of advisor to the Bank’s Governing Council.
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Press,
Press releases
Source(s):
The Governor's Challenge
November 28, 2017
Vulnerabilities in the Canadian financial system remain elevated, but elements for improvement are emerging
The high level of household indebtedness and housing market imbalances remain the most important vulnerabilities identified by the Bank of Canada in its Financial System Review (FSR), published today. While these vulnerabilities are still elevated, improving economic conditions and recent changes to housing policy should support an easing of these vulnerabilities over time.
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Press releases