December 7, 2023 Economic progress report: Immigration, housing and the outlook for inflation Remarks Toni Gravelle Windsor–Essex Regional Chamber of Commerce Windsor, Ontario Deputy Governor Toni Gravelle discusses the latest interest rate decision along with how immigration helps Canada’s economy and how it impacts inflation. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation
March 21, 2024 Going back to normal: The Bank of Canada’s balance sheet after quantitative tightening Remarks Toni Gravelle CFA Society Toronto Toronto, Ontario Deputy Governor Toni Gravelle provides an update on quantitative tightening and talks about how the Bank of Canada will manage its balance sheet once normalization ends. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Funds management
April 15, 2020 Monetary Policy Report – April 2020 Canada’s economy faces two significant shocks—the plunge in global oil prices and the impact of the COVID-19 pandemic. Content Type(s): Publications, Monetary Policy Report
January 8, 2009 Financial Stability through Sound Risk Management Remarks Pierre Duguay Risk Management Association, Toronto Chapter Toronto, Ontario The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again. Content Type(s): Press, Speeches and appearances, Remarks
May 26, 2020 Opening Statement before the Senate National Finance Committee Opening statement Stephen S. Poloz Senate National Finance Committee Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I welcome the opportunity to appear before you to discuss the Bank of Canada’s actions in response to the coronavirus pandemic. Since the pandemic began, the Bank has had two goals in mind. In the short term, we have been working to help […] Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth
December 16, 2025 Good money and your central bank Remarks Tiff Macklem The Chamber of Commerce of Metropolitan Montreal Montréal, Quebec Governor Tiff Macklem discusses the Bank of Canada’s role in ensuring the stability of money in all its forms, from currency to digital payments. He also outlines how keeping inflation low and stable ensures Canadian money retains its purchasing power. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes, Digital currency, Monetary policy, Inflation targeting framework
May 19, 2011 The Changing Face of Risk in the Global Financial System Remarks Timothy Lane Canadian Pension & Benefits Institute Vancouver, British Columbia I know that risk is ever-present in your work, as you fulfill your commitments to the beneficiaries and sponsors of your pension plans. Important risks surround the investment performance of those plans, as well as the value of pension liabilities. Content Type(s): Press, Speeches and appearances, Remarks
November 20, 1996 Monetary Policy Report – November 1996 This Report outlines recent developments in the Canadian economy that affect the rate of inflation and provides an account of the measures taken by the Bank of Canada to control inflation. Content Type(s): Publications, Monetary Policy Report
November 20, 2003 Technical Note: Elimination of Retroactive Settlement in the ACSS Bank of Canada Review - Autumn 2003 Eric Tuer Effective 1 November 2003, the Bank of Canada abandoned its practice of backdating the results of settlement of payments through the Automated Clearing Settlement System (ACSS). It has adopted instead a system of "next-day" settlement under which the results of the settlement process will appear on the central bank's books on the day the items actually settle in the ACSS. Since July 1986, settlement of these items had occurred at noon the day after items were presented for clearing, but the results were recognized on the Bank's books the previous day, through backdating, or "retroactive" settlement. The new system should simplify the payments process and improve the reporting of settlement risk, as well as promote cost-effectiveness within the payments systems. ACSS participants have agreed among themselves to implement an interest-compensation mechanism in order to avoid imposing a float charge on their customer base. Content Type(s): Publications, Bank of Canada Review articles
May 19, 1999 Monetary Policy Report – May 1999 Six months ago, at the time of the last Monetary Policy Report, the global economic and financial environment was volatile and highly uncertain because of the adverse situation in Asia and the fallout from the Russian debt moratorium. Content Type(s): Publications, Monetary Policy Report