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 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
October 1, 2024 The Bank of Canada Museum launches a new free educational resource “You Are the Economy” Media Relations Ottawa, Ontario The Bank of Canada Museum is excited to introduce “You Are the Economy,” a comprehensive suite of six free lesson plans on economic and financial literacy for Grade 7–12 students across Canada. Content Type(s): Press, Press releases
September 23, 2024 Bank of Canada announces Reconciliation Action Plan Media Relations Ottawa, Ontario The Bank of Canada today unveiled its first Reconciliation Action Plan. Content Type(s): Press, Press releases
September 4, 2024 Bank of Canada reduces policy rate by 25 basis points to 4¼% Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. Content Type(s): Press, Press releases
August 8, 2024 Bank of Canada engages experts to assess internal review of exceptional policy actions during pandemic Media Relations Ottawa, Ontario The Bank of Canada announced today the names of three external experts who will provide an independent assessment of its review of exceptional policy actions taken during the COVID-19 pandemic. Content Type(s): Press, Press releases
August 6, 2024 Bank of Canada publishes its 2025 schedule for policy interest rate announcements and other major publications Media Relations Ottawa, Ontario The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. Content Type(s): Press, Press releases
July 24, 2024 Bank of Canada reduces policy rate by 25 basis points to 4½% Media Relations Ottawa, Ontario The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. Content Type(s): Press, Press releases