News

• November 16, 2020

  Bank of Canada and OSFI launch pilot project on climate risk scenarios

  Media Relations Ottawa, Ontario

  The Bank of Canada and the Office of the Superintendent of Financial Institutions (OSFI) today announced plans for a pilot project to use climate-change scenarios to better understand the risks to the financial system related to a transition to a low-carbon economy.

  Content Type(s): Press, Press releases
• November 12, 2020

  Helping the economy after the COVID‑19 pandemic

  Speech summary Carolyn A. Wilkins Munk School of Global Affairs and Public Policy Toronto, Ontario

  The pandemic won’t last forever. Senior Deputy Governor Carolyn A. Wilkins talks about what the economy will need once we’re past the COVID-19 crisis.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Business fluctuations and cycles, Central bank research, Climate change, Coronavirus disease (COVID-19), Debt management, Digital currencies and fintech, Expectations, Financial institutions, Financial stability, Financial system regulation and policies, Firm dynamics, Fiscal policy, Inflation targets, Interest rates, Labour markets, Monetary policy communications, Monetary policy framework, Payment clearing and settlement systems, Potential output, Productivity, Recent economic and financial developments
• November 9, 2020

  Bank of Canada announces short list for next $5 bank note

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that the independent Advisory Council has selected a short list of eight iconic Canadians who could be featured on the next $5 bank note.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• November 5, 2020

  Bank of Canada Senior Deputy Governor Carolyn A. Wilkins to leave the Bank in December

  Media Relations Ottawa, Ontario

  Senior Deputy Governor Carolyn A. Wilkins has informed the Bank’s Board of Directors that her last day at the Bank will be December 9, 2020.

  Content Type(s): Press, Press releases
• November 4, 2020

  Advertisement for the position of Senior Deputy Governor of the Bank of Canada

  Carolyn A. Wilkins has announced she will not seek a second term as Senior Deputy Governor. Learn more about this leadership opportunity.

  Content Type(s): Press, Announcements
• October 28, 2020

  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
• 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 28, 2020

  Monetary Policy Report – October 2020

  

  The Bank expects Canada’s economy to grow by almost 4 percent on average in 2021 and 2022, following a decline of about 5 ½ percent in 2020.

  Content Type(s): Publications, Monetary Policy Report
• October 19, 2020

  Business Outlook Survey—Autumn 2020

  With many containment measures related to the COVID-19 pandemic being lifted, results from the autumn Business Outlook Survey suggest that business sentiment has improved but remains weak across all regions. Businesses expect the pace of the recovery in their sales to slow.

  Content Type(s): Publications, Business Outlook Survey
• October 19, 2020

  Canadian Survey of Consumer Expectations—Third Quarter of 2020

  The Canadian Survey of Consumer Expectations (CSCE) collects respondents’ views on inflation, the labour market and household finances. The survey for the third quarter of 2020 was conducted from August 17 to September 1, 2020. Reported COVID‑19 cases have risen in some provinces since the survey was conducted. The survey included questions, introduced in the previous quarter, on the impacts of COVID‑19 and the measures to contain its spread, along with new questions on how the pandemic is affecting households’ savings.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations