Media Relations - Latest

• March 12, 2025

  Bank of Canada reduces policy rate by 25 basis points to 2¾%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

  Content Type(s): Press, Press releases
• February 11, 2025

  Bank of Canada announces appointment of second external Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Michelle Alexopoulos as an external Deputy Governor for a term of two years, effective March 17, 2025.

  Content Type(s): Press, Press releases
• January 29, 2025

  Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.

  Content Type(s): Press, Press releases
• January 17, 2025

  Bank of Canada releases review of exceptional policy actions taken during the pandemic

  Media Relations Ottawa, Ontario

  The Bank of Canada’s exceptional policy actions during the COVID-19 pandemic provided important support for the economy during the unprecedented shock, says a review published today.

  Content Type(s): Press, Press releases
• December 11, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¼%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

  Content Type(s): Press, Press releases
• December 2, 2024

  Bank of Canada publishes applicants’ list of retail payment service providers

  Media Relations Ottawa, Ontario

  The Bank of Canada today published the list of companies that have applied to be registered under the Retail Payment Activities Act (RPAA).

  Content Type(s): Press, Press releases Research Topic(s): Retail payments supervision
• November 25, 2024

  Bank of Canada announces finalists for the tenth annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the six finalist teams in the 2024-25 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• November 1, 2024

  Bank of Canada Opens Registration Period for Payment Service Providers

  Media Relations Ottawa, Ontario

  The Bank of Canada said today it has opened the registration period for retail payment service providers (PSPs) that are subject to the Retail Payments Activities Act (RPAA).

  Content Type(s): Press, Press releases Research Topic(s): Retail payments supervision
• October 23, 2024

  Bank of Canada reduces policy rate by 50 basis points to 3¾%

  Media Relations Ottawa, Ontario

  The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

  Content Type(s): Press, Press releases
• October 3, 2024

  Bank of Canada Board launches process to appoint additional external Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada has initiated a recruitment process to fill a new external Deputy Governor position. The Board has formed a selection committee to spearhead the selection process and has retained recruitment firm Boyden to assist with the open external search process.

  Content Type(s): Press, Press releases