January 21, 2015
Media Relations - Latest
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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. -
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 […] -
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 […] -
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. -
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. -
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 […] -
November 3, 2014
Bank of Canada Policy Appropriate in the Face of Uncertainty, Says Governor Stephen S. Poloz
The Bank of Canada’s monetary policy is appropriate to return Canadian inflation to its 2 per cent target as worldwide economic uncertainty lingers, Governor Stephen S. Poloz said today in Toronto. The global economy is facing significant headwinds that could restrain growth for a prolonged period, including efforts by households and financial institutions to reduce their debt and those by governments to […] -
October 22, 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. -
October 8, 2014
Bank of Canada invites Canadians to comment on bank note design principles
The Bank of Canada announced that it is inviting Canadians to comment on the principles that guide the design of the country’s bank notes.