February 16, 2016 Bank of Canada Announces Future Changes to its Published Foreign Exchange Rate Data Media Relations Ottawa, Ontario The Bank of Canada today announced that, effective 1 March 2017, it will make a series of changes to the number, frequency and calculation methodology of its published foreign exchange rates. Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
February 16, 2016 Bank of Canada announces winners of The Governor’s Challenge student competition Media Relations Ottawa, Ontario The Bank of Canada today announced the winners of The Governor’s Challenge, a new 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
February 12, 2016 Bank of Canada Announces 2016 Scholarship Recipients Media Relations Ottawa, Ontario The Bank of Canada today announced the inaugural winners of its student Scholarship and Work Placement Program. Content Type(s): Press, Press releases Source(s): Scholarship awards
January 20, 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
January 8, 2016 Governor Stephen S. Poloz appointed Chair of the BIS Consultative Council for the Americas Media Relations Ottawa, Ontario The Board of Directors of the Bank for International Settlements (BIS) has appointed , Governor of the Bank of Canada, as Chair of the BIS Consultative Council for the Americas (CCA). The appointment is for a term of two years, effective 9 January 2016. The announcement is available on the BIS website. For more information, […] Content Type(s): Press, Press releases
January 7, 2016 Expect policy divergence as economies adjust to shocks, Governor Poloz says Media Relations Ottawa, Ontario Diverging monetary policies are the natural consequence of large declines in resource prices and should be expected, Bank of Canada Governor Stephen S. Poloz said in a speech today at the Mayor’s Breakfast Series in Ottawa. Last month’s interest rate increase by the U.S. Federal Reserve is the first step in a long process toward […] Content Type(s): Press, Press releases
December 15, 2015 Bank of Canada says housing vulnerabilities have edged higher, but financial system remains resilient Media Relations Ottawa, Ontario Vulnerabilities in the housing sector have edged higher, the Bank of Canada said today in its Financial System Review (FSR), while the overall level of risk to Canada’s financial system has remained roughly unchanged since June. The Bank continues to identify two key vulnerabilities related to the Canadian household sector: the elevated level of household […] Content Type(s): Press, Press releases
December 8, 2015 Bank of Canada updates framework for unconventional monetary policy measures Media Relations Toronto, Ontario The Bank of Canada is applying lessons from the global financial crisis as it updates its framework for the use of unconventional monetary policy measures, Governor Stephen S. Poloz said. “We don’t need unconventional policies now, and we don’t expect to use them. However, it’s prudent to be prepared for every eventuality,” Governor Poloz said […] Content Type(s): Press, Press releases
December 4, 2015 Bank of Canada introduces The Governor’s Challenge, a new student competition Media Relations Ottawa, Ontario The Bank of Canada today announced a new student competition—The Governor’s Challenge—where teams simulate the role of monetary policy advisor to the Bank's Governing Council. Over 100 undergraduates from 22 universities across Canada are taking part in 2015–16, the competition’s inaugural year. Content Type(s): Press, Press releases Source(s): The Governor's Challenge
December 2, 2015 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