October 24, 2016 Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target Media Relations Ottawa, Ontario The Government of Canada and the Bank of Canada agreed that the inflation target will continue to be defined in terms of the 12-month rate of change in the total CPI, that it will continue to be the 2 per cent mid-point of the 1 to 3 per cent inflation-control range, and that the agreement will run for another five-year period, ending 31 December 2021. Content Type(s): Press, Press releases
October 19, 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
October 6, 2016 Both progress and setbacks as economy adjusts, says Senior Deputy Governor Wilkins Media Relations Trois-Rivières, Quebec The Canadian economy is undergoing important, complex adjustments following the drop in oil prices over the past two years and in the context of the longer trends of population aging and modest productivity growth, Senior Deputy Governor Carolyn Wilkins said today. Content Type(s): Press, Press releases
September 28, 2016 Bank of Canada Calls for Nominations for the 2017 Fellowship and Governor’s Awards Media Relations Ottawa, Ontario The Bank of Canada is calling for nominations under its Fellowship Program for 2017. This program provides monetary awards to foster excellence in economic and financial research in Canada, and supports the Bank’s development of partnerships with leading experts. Content Type(s): Press, Press releases Source(s): Fellowship Program
September 26, 2016 Integrating economies through trade affects monetary policy, Governor Poloz says Media Relations Bellingham, Washington In the first annual Paul Storer Memorial Lecture on Canada–US relations, given at Western Washington University, Governor Poloz said that the evolution of international trade practices, such as building global value chains and establishing foreign affiliates, suggests that economies are becoming more integrated. Content Type(s): Press, Press releases
September 20, 2016 Lower-for-longer interest rates require adjustments, Governor Poloz says Media Relations Québec, Québec Canadians need to understand the forces that have led to a prolonged period of low interest rates and make adjustments, Bank of Canada Governor Stephen S. Poloz said. Content Type(s): Press, Press releases
September 14, 2016 Slow global growth poses risks for financial stability, says Senior Deputy Governor Wilkins Media Relations London, United Kingdom The decline in the global economy’s potential to grow, and the lower interest rates that come with it, pose risks for financial stability, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today. Those risks can be mitigated through deliberate efforts from the private sector and policy-makers. Content Type(s): Press, Press releases
September 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
September 1, 2016 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in Canada during April 2016 Media Relations Ottawa, Ontario During the month of April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest survey of turnover activity in the foreign exchange and over-the-counter (OTC) derivatives markets in their respective countries. This worldwide effort was coordinated by the Bank for International Settlements (BIS) and is undertaken every three years. Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
August 16, 2016 Bank of Canada recognizes Saskatoon Police Service with Counterfeit Deterrence award Media Relations Ottawa, Ontario This award, which has been presented since 2004, recognizes the outstanding achievements of criminal justice professionals and educators involved in the prevention and deterrence of bank note counterfeiting in Canada. Content Type(s): Press, Press releases Topic(s): Bank notes