December 15, 2016
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December 12, 2016
This press release, issued by the Financial Stability Board, announces that a regional consultative group co-chaired by Bank of Canada Senior Deputy Governor Carolyn A. Wilkins discussed the benefits and risks of fintech developments, including the implications of distributed ledger technology and peer-to-peer lending.
FSB Regional Consultative Group for the Americas discusses fintech, correspondent banking and regional vulnerabilities
Content Type(s):
Press,
Press releases
Topic(s):
Digital currencies and fintech
December 8, 2016
Viola Desmond chosen as the Bank NOTE-able woman to be featured on new $10 bank note
Governor Stephen S. Poloz, Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu today announced that Viola Desmond will be featured on a new $10 bank note, expected in late 2018.
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Press,
Press releases
December 7, 2016
Bank of Canada maintains overnight rate target at 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
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Press,
Press releases
December 1, 2016
Bank of Canada announces details of forthcoming changes to its published foreign exchange rate data
The Bank of Canada today announced a final list of the 26 foreign currency exchange rates that it will continue to publish after 1 March 2017.
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Press,
Press releases
Source(s):
Canadian Foreign Exchange Committee
November 28, 2016
Growth of the service sector is helping Canada’s economy return to full output, Governor Poloz says
The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.
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Press,
Press releases
November 25, 2016
Bank of Canada announces finalists for the second annual Governor’s Challenge
NOTE TO EDITORS: This press release has been revised to reflect the new date of the final round of The Governor’s Challenge, 4 February 2017.
The Bank of Canada announced the finalists for the 2016–17 edition of The Governor’s Challenge, a student competition in which teams simulate the role of advisor to the Bank’s Governing Council.
Content Type(s):
Press,
Press releases
Source(s):
The Governor's Challenge
November 24, 2016
#bankNOTEable Canadian woman will be revealed on 8 December, Bank of Canada publishes short list of five
On Thursday, 8 December 2016, the Minister of Finance and the Governor of the Bank of Canada will reveal which iconic Canadian woman will be featured on the next regularly circulating bank note, expected in 2018.
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Press,
Press releases
November 1, 2016
Inflation-target renewal helps give certainty in uncertain times, Governor Poloz says
The renewal of the Bank of Canada’s framework for inflation targeting will help Canadian businesses and consumers by providing certainty around their financial plans, Governor Stephen S. Poloz said today.
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Press,
Press releases
October 24, 2016
Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target
The Government of Canada and the Bank of Canada agreed that the inflation target will continue to be defined in terms of the 12-month rate of change in the total CPI, that it will continue to be the 2 per cent mid-point of the 1 to 3 per cent inflation-control range, and that the agreement will run for another five-year period, ending 31 December 2021.
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Press,
Press releases