February 18, 2022
Deputy Governor Lawrence Schembri to Retire from the Bank of Canada
The Bank of Canada announced today that Deputy Governor Lawrence L. Schembri will retire on June 17, 2022.
Media Relations - Latest
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January 26, 2022
Bank of Canada maintains policy rate, removes exceptional forward guidance
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. -
January 14, 2022
Bank of Canada/OSFI pilot helps Canadian financial sector assess climate change risks
The Bank of Canada and Office of the Superintendent of Financial Institutions today released the results of a pilot project on climate scenario analysis. -
December 13, 2021
Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Monetary Policy Framework
The objective of Canada's monetary policy is to promote the economic and financial well-being of Canadians. Experience has shown that the best way monetary policy can achieve this goal is by maintaining a low and stable inflation environment. Doing so supports a strong and inclusive labour market that provides every Canadian with opportunities for a good quality of life. -
December 8, 2021
Bank of Canada maintains policy rate and forward guidance
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. -
November 30, 2021
Bank of Canada and partners host Symposium on Indigenous Economies
On November 29 and 30, the Bank of Canada, in partnership with the Tulo Centre of Indigenous Economics and Te Pūtea Matua (Reserve Bank of New Zealand), hosted the inaugural Symposium on Indigenous Economies. -
November 3, 2021
Bank of Canada announces climate change commitments for COP26
Addressing climate change is a global challenge. While the Government of Canada has the primary responsibility for climate change policy, the Bank of Canada recognizes the importance of including climate change considerations in its work to promote the economic and financial welfare of Canadians. -
October 27, 2021
Bank of Canada maintains policy rate and forward guidance, ends quantitative easing
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. -
September 8, 2021
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. -
September 1, 2021
Bank of Canada designates Lynx as a systemically important payment system
Bank of Canada Governor Tiff Macklem has designated Lynx, which is owned and operated by Payments Canada, as a systemically important payment system under the Payment Clearing and Settlement Act.