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
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