January 18, 2017 Bank of Canada maintains overnight rate target at 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Content Type(s): Press, Press releases
December 15, 2016 Risks to financial stability largely unchanged, household vulnerabilities remain key concern Media Relations Ottawa, Ontario The overall level of risk to Canada’s financial system remains largely unchanged from six months ago, the Bank of Canada said today in the Financial System Review (FSR). Content Type(s): Press, Press releases
December 12, 2016 FSB Regional Consultative Group for the Americas discusses fintech, correspondent banking and regional vulnerabilities This press release, issued by the Financial Stability Board, announces that a regional consultative group co-chaired by Bank of Canada Senior Deputy Governor Carolyn A. Wilkins discussed the benefits and risks of fintech developments, including the implications of distributed ledger technology and peer-to-peer lending. Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
December 8, 2016 Viola Desmond chosen as the Bank NOTE-able woman to be featured on new $10 bank note Media Relations Gatineau, Quebec Governor Stephen S. Poloz, Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu today announced that Viola Desmond will be featured on a new $10 bank note, expected in late 2018. Content Type(s): Press, Press releases
December 7, 2016 Bank of Canada maintains overnight rate target at 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Content Type(s): Press, Press releases
December 1, 2016 Bank of Canada announces details of forthcoming changes to its published foreign exchange rate data Media Relations Ottawa, Ontario The Bank of Canada today announced a final list of the 26 foreign currency exchange rates that it will continue to publish after 1 March 2017. Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
November 28, 2016 Growth of the service sector is helping Canada’s economy return to full output, Governor Poloz says Media Relations Toronto, Ontario The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
November 25, 2016 Bank of Canada announces finalists for the second annual Governor’s Challenge Media Relations Ottawa, Ontario NOTE TO EDITORS: This press release has been revised to reflect the new date of the final round of The Governor’s Challenge, 4 February 2017. The Bank of Canada announced the finalists for the 2016–17 edition of The Governor’s Challenge, a 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
November 24, 2016 #bankNOTEable Canadian woman will be revealed on 8 December, Bank of Canada publishes short list of five Media Relations Ottawa, Ontario On Thursday, 8 December 2016, the Minister of Finance and the Governor of the Bank of Canada will reveal which iconic Canadian woman will be featured on the next regularly circulating bank note, expected in 2018. Content Type(s): Press, Press releases
November 1, 2016 Inflation-target renewal helps give certainty in uncertain times, Governor Poloz says Media Relations Vancouver, British Columbia The renewal of the Bank of Canada’s framework for inflation targeting will help Canadian businesses and consumers by providing certainty around their financial plans, Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases