July 30, 2020 Bank of Canada publishes its 2021 schedule for policy interest rate announcements and other major publications, makes change to effective date of rate decisions Media Relations Ottawa, Ontario The Bank of Canada today published its 2021 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. Content Type(s): Press, Press releases
July 15, 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. Content Type(s): Press, Press releases
June 30, 2020 Bank of Canada partners with the Bank for International Settlements to launch innovation centre Media Relations Ottawa, Ontario The Bank for International Settlements (BIS) and the Bank of Canada announced today they will be launching a BIS Innovation Hub centre to advance fintech innovation within the central banking community. Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
June 15, 2020 Bank of Canada becomes administrator of Canadian Overnight Repo Rate Average Media Relations Ottawa, Ontario The Bank of Canada is now the administrator of the Canadian Overnight Repo Rate Average (CORRA) and will post today the first rate calculated using an improved methodology. Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
June 3, 2020 Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. Content Type(s): Press, Press releases
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 31, 2020 Bank of Canada welcomes use of new liquidity facility by financial institutions The Bank of Canada today welcomed the move by a number of Canadian banks, including the six largest, to draw on its new Standing Term Liquidity Facility (STLF). Content Type(s): Press, Press releases Source(s): Standing Term Liquidity Facility