Media Relations - Latest

• May 25, 2020

  Risk management approach will help guide policy through unknowable times, Governor Poloz says

  Media Relations Edmonton, Alberta

  A risk management approach to monetary policy will help guide the Bank of Canada’s actions as the economy goes through extreme uncertainty stemming from the COVID-19 pandemic, Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• May 6, 2020

  The Bank of Canada Releases Its Annual Report for 2019

  Media Relations

  The Bank of Canada’s Annual Report for 2019 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• May 1, 2020

  Tiff Macklem Appointed Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020.

  Content Type(s): Press, Press releases
• April 15, 2020

  Bank of Canada maintains overnight rate target and unveils new market operations

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system.

  Content Type(s): Press, Press releases
• March 27, 2020

  Bank of Canada lowers overnight rate target to ¼ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.

  Content Type(s): Press, Press releases
• March 18, 2020

  Bank of Canada employees to work remotely

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it has completed arrangements for all employees to telework until further notice to protect the health of our staff and reduce the risk of transmission of COVID-19.

  Content Type(s): Press, Announcements
• March 13, 2020

  Bank of Canada lowers overnight rate target to ¾ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices.

  Content Type(s): Press, Press releases
• March 9, 2020

  Bank of Canada announces members of Advisory Council for next $5 bank note

  Media Relations Ottawa, Ontario

  The independent Advisory Council will develop a short list of iconic Canadians who could be featured on the next bank note.

  Content Type(s): Press, Press releases
• March 4, 2020

  Bank of Canada lowers overnight rate target to 1 ¼ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent.

  Content Type(s): Press, Press releases
• March 3, 2020

  Statement of G7 Finance Ministers and Central Bank Governors

  Media Relations

  We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions.

  Content Type(s): Press, Press releases