May 6, 2020
News
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May 4, 2020
Bridge to Recovery: The Bank’s COVID-19 Pandemic Response
Senior Deputy Governor Carolyn A. Wilkins discusses measures the Bank has taken to address the COVID-19 pandemic and set the stage for recovery. -
May 1, 2020
Tiff Macklem Appointed Governor of the Bank of Canada
The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020. -
May 1, 2020
Statement by Governor Poloz on Announcement of New Governor
Governor Stephen S. Poloz offers sincere best wishes to new Governor Tiff Macklem on a successful term -
May 1, 2020
Statement by Claire Kennedy on Announcement of New Governor
Lead Director Claire Kennedy congratulates Tiff Macklem on being selected as the 10th Governor of the Bank of Canada and thanks Stephen Poloz for his service. -
May 1, 2020
Statement by Tiff Macklem on his announcement as New Governor
Governor-designate Tiff Macklem applauds Stephen Poloz’s leadership of the Bank and explains how much he looks forward to returning to the Bank as its next Governor. -
April 30, 2020
Teachable Moments from the Pandemic
Governor Stephen S. Poloz talks about the Bank of Canada’s response to the COVID-19 pandemic. -
April 16, 2020
Opening Statement before the House of Commons Standing Committee on Finance
Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I welcome the opportunity to appear before you to discuss the Bank’s policy actions in response to the coronavirus pandemic, as well as our Monetary Policy Report (MPR), which we published yesterday. The Canadian economy is experiencing a significant and rapid contraction. The […] -
April 15, 2020
Monetary Policy Report Press Conference Opening Statement
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
April 15, 2020
Bank of Canada maintains overnight rate target and unveils new market operations
The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system.