March 7, 2019 Economic Progress Report: Sensible Shifts in Household Spending Remarks Lynn Patterson Hamilton Chamber of Commerce Hamilton, Ontario Deputy Governor Lynn Patterson discusses updates on the economy and reviews the latest interest rate decision. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Housing, Inflation and prices, Recent economic and financial developments
March 7, 2019 Spending shifts and consumer caution Speech summary Lynn Patterson Hamilton Chamber of Commerce Hamilton, Ontario Speaking a day after we decided to hold interest rates unchanged, Deputy Governor Lynn Patterson discussed the key points Governing Council considered in their decision. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Housing, Inflation and prices, Recent economic and financial developments
March 6, 2019 Bank of Canada maintains overnight rate target at 1 ¾ per cent Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Content Type(s): Press, Press releases
February 26, 2019 Bank of Canada publishes the Canadian Alternative Reference Rate Working Group’s Consultation Paper on Proposed Enhancements to the Canadian Dollar Overnight Repo Rate Average (CORRA) The Bank of Canada, on behalf of the Canadian Alternative Reference Rate Working Group (CARR), has published a consultation on proposed enhancements to the Canadian Overnight Repo Rate Average (CORRA) risk-free interest-rate benchmark. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
February 21, 2019 History demonstrates the power and limitations of monetary policy, Governor Poloz says Media Relations Montréal, Quebec Monetary policy has proven to be a powerful instrument to control inflation and promote Canada’s economic welfare, subject to a number of limitations, Bank of Canada Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
February 21, 2019 Toward 2021: The Power—and Limitations—of Policy Remarks Stephen S. Poloz The Chamber of Commerce of Metropolitan Montreal Montréal, Quebec Governor Poloz explains that monetary policy is a powerful tool to promote economic welfare, but it also has some important limits. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Financial stability, Inflation targets, Monetary policy and uncertainty, Monetary policy framework, Recent economic and financial developments
February 21, 2019 Monetary policy brings benefits—but has limits Speech summary Stephen S. Poloz Montréal, Quebec In his first speech of 2019, Governor Stephen S. Poloz explains that monetary policy is a powerful tool to promote our economic welfare. But he also notes that it has some key limits that need to be better understood in the face of uncertainty. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Inflation targets, Monetary policy framework
February 19, 2019 Wilfrid Laurier University crowned National Champion of The Governor’s Challenge Media Relations Ottawa, Ontario Wilfrid Laurier University has won the Bank of Canada’s fourth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council. Content Type(s): Press, Press releases Source(s): The Governor's Challenge