Press releases

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.

The Bank of Canada today officially put into circulation Canada's new $100 bank notes. The new notes will be distributed and become available across the country over the next two weeks.

The Bank of Canada today announced that Professor René Garcia, of the Université de Montréal, is the recipient of the Bank's Fellowship award for research for 2004.

The Bank of Canada today announced the creation of a Law Enforcement Award of Excellence that will be presented annually to a police officer who demonstrates outstanding commitment and initiative in the fight against bank note counterfeiting.

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.

The right set of macroeconomic policies helps countries to adjust to changing economic circumstances, David Dodge, Governor of the Bank of Canada, told a business audience today in Mexico City.

Speaking to the Board of Trade of Metropolitan Montréal today, Bank of Canada Governor David Dodge talked about the longer-term trends and the challenges facing the Canadian economy in the years ahead, and the adjustments that will be necessary to meet those challenges.