February 24, 2015
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February 10, 2015
Economy Has Room to Grow, Says Senior Deputy Governor Carolyn Wilkins
The Canadian economy still has room to grow, and the sharp drop in oil prices is a setback, Bank of Canada Senior Deputy Governor Carolyn Wilkins said in Ottawa today, adding that monetary policy will support the needed adjustments. As the Bank assesses the underlying inflation pressures in the Canadian economy, it is critical that […]
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January 21, 2015
Bank of Canada lowers overnight rate target to 3/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
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December 16, 2014
Bank of Canada publishes results of consultation on bank note design principles
The Bank of Canada today published a summary of the comments it received in an online consultation on the principles guiding the design of the country’s bank notes.
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Press releases
Topic(s):
Bank notes
December 11, 2014
Financial reform is essential but must not stifle innovation, says Bank of Canada Governor Stephen S. Poloz
Global financial reforms have made the financial system safer, but regulators must ensure that the new rules do not stifle innovation, Bank of Canada Governor Stephen S. Poloz said today in a speech in New York on the future of the financial industry. “I see such innovation in financial intermediation as essential to fostering regulatory […]
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December 10, 2014
Bank of Canada says household imbalances remain most important risk to financial stability
Risks to Canada’s financial system have not increased in the past six months, but high consumer debt loads and imbalances in the housing market remain a concern, the Bank of Canada said today in itsbiannual Financial System Review (FSR). “We judge that the probability of an adverse shock has eased since our June FSR,” said […]
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December 5, 2014
Bank of Canada invites Canadians to propose design ideas for a bank note marking Canada’s 150th anniversary
The Bank of Canada is inviting Canadians to propose ideas for the design of a new bank note to celebrate the 150th anniversary of Confederation in 2017.
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Press,
Press releases
Topic(s):
Bank notes
December 3, 2014
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining 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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November 13, 2014
Bank of Canada is Keeping a Close Eye on E-Money, Says Senior Deputy Governor Carolyn Wilkins
The Bank of Canada is keeping a close eye on the risks posed by new forms of electronic money, given that the Bank’s job is to issue currency, promote financial stability and oversee Canada’s payment systems, Senior Deputy Governor Carolyn Wilkins said today in Waterloo, Ontario. E-money is electronically-stored value that is not linked to […]
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November 8, 2014
Bank of Canada announces signing of reciprocal 3-year Canadian- dollar/renminbi bilateral swap arrangement
The reciprocal currency swap arrangement is part of the initiative announced today by the Government of Canada to promote increased trade and investment between Canada and China.
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