October 28, 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. Content Type(s): Press, Press releases
October 2, 2020 CORRA Advisory Group Find out about our mandate, access our meetings and membership, or contact us.
June 4, 2020 Supporting markets during the crisis Speech summary Toni Gravelle Greater Sudbury Chamber of Commerce Sudbury, Ontario Speaking a day after the Bank left the policy rate unchanged, Deputy Governor Toni Gravelle explains how efforts to keep financial markets functioning through the COVID-19 crisis will lay a solid foundation for economic recovery. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Coronavirus disease (COVID-19), Financial markets, Financial stability, Monetary policy, Recent economic and financial developments
June 29, 2010 Press releases Find press releases by keyword, location, source, topic or publication date.
January 29, 1999 Annual Report 1998 Inflation remained low for the seventh consecutive year, and the inflation target range of 1 to 3 per cent was extended to 2001. Content Type(s): Publications, Annual Report
January 29, 1998 Annual Report 1997 With inflation remaining low for the sixth consecutive year, the Canadian economy recorded a strong expansion of about 4 per cent through 1997. Content Type(s): Publications, Annual Report
October 5, 2005 The Exchange Rate and Canadian Inflation Targeting Bank of Canada Review - Autumn 2005 Christopher Ragan An essential element of the Bank of Canada's inflation-targeting framework is a floating exchange rate that is free to adjust in response to shocks that affect the Canadian and world economies. This floating rate plays an important role in the transmission mechanism for monetary policy. A practical question is how the Bank of Canada incorporates currency movements into the monetary policy decision-making process. Only after determining the cause and persistence of exchange rate change, and its likely net effect on aggregate demand, can the Bank decide on the appropriate policy response to keep inflation low, stable, and predictable. Ragan reviews the need to target inflation and the transmission mechanism for monetary policy, including the role of the exchange rate, before describing two types of exchange rate movements and their implications for monetary policy. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Exchange rates, Inflation targets, Monetary policy implementation
April 25, 2009 Senior Loan Officer Survey - First-Quarter 2009 Survey respondents reported continued tightening in lending conditions. Respondents attributed the ongoing tightening to concerns about the economic outlook and to industry-specific factors. Content Type(s): Publications, Senior Loan Officer Survey