News

• May 20, 2021

  Financial System Review Summary—2021

  

  Tiff Macklem, Timothy Lane, Lawrence L. Schembri, Paul Beaudry, Toni Gravelle

  The Canadian financial system proved resilient during the COVID-19 pandemic—thanks to strong risk management and unprecedented fiscal and monetary policy support.

  Content Type(s): Publications, Financial Stability Report
• May 13, 2021

  Including everyone helps all of us

  Speech summary Tiff Macklem Universities of Atlantic Canada Halifax, Nova Scotia

  Governor Tiff Macklem explains why including people from all backgrounds is good for the Bank of Canada and the entire economy.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Financial services, Monetary policy, Potential output
• April 27, 2021

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
• April 27, 2021

  Bank of Canada becomes inaugural member of new, international Central Bank Network for Indigenous Inclusion

  Media Relations Ottawa, Ontario

  Joint statement from the Bank of Canada, Te Pūtea Matua (Reserve Bank of New Zealand) and the Reserve Bank of Australia.

  Content Type(s): Press, Press releases
• April 22, 2021

  Annual Report 2020

  

  The Annual Report outlines the Bank’s activities and achievements in 2020. It includes the financial statements and a message from Governor Tiff Macklem.

  Content Type(s): Publications, Annual Report
• April 21, 2021

  Bank of Canada statement on Monetary Policy Report embargo breach

  Media Relations Ottawa, Ontario

  The Bank of Canada expects all media organizations to respect the embargo conditions for its key publications.

  Content Type(s): Press, Press releases
• April 21, 2021

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 21, 2021

  Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

  Media Relations Ottawa, Ontario

  The Bank of Canada today held 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
• April 21, 2021

  Monetary Policy Report – April 2021

  

  As the economy recovers from the COVID-19 pandemic, the Bank is forecasting growth of around 6 ½ percent this year, slowing to about 3 ¾ percent in 2022 and 3 ¼ percent in 2023.

  Content Type(s): Publications, Monetary Policy Report
• April 12, 2021

  Business Outlook Survey—Spring 2021

  Results from the spring Business Outlook Survey suggest that business sentiment continues to improve. Firms reported less uncertainty related to the COVID-19 pandemic and strengthening demand from weak levels. Still, the recovery remains uneven, with firms tied to high-contact services facing ongoing challenges.

  Content Type(s): Publications, Business Outlook Survey