News

• May 6, 2020

  The Bank of Canada Releases Its Annual Report for 2019

  Media Relations

  The Bank of Canada’s Annual Report for 2019 was tabled in the House of Commons today.

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

  Bridge to Recovery: The Bank’s COVID-19 Pandemic Response

  Remarks (delivered virtually) Carolyn A. Wilkins C.D. Howe Institute Toronto, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses measures the Bank has taken to address the COVID-19 pandemic and set the stage for recovery.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Coronavirus disease (COVID-19), Financial institutions, Financial markets, Monetary policy and uncertainty, Monetary policy transmission, Recent economic and financial developments
• May 1, 2020

  Tiff Macklem Appointed Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• May 1, 2020

  Statement by Governor Poloz on Announcement of New Governor

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz offers sincere best wishes to new Governor Tiff Macklem on a successful term

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2020

  Statement by Claire Kennedy on Announcement of New Governor

  Opening statement Claire M. C. Kennedy Ottawa, Ontario

  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.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2020

  Statement by Tiff Macklem on his announcement as New Governor

  Opening statement Tiff Macklem Ottawa, Ontario

  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.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 30, 2020

  Teachable Moments from the Pandemic

  Remarks (delivered virtually) Stephen S. Poloz Ivey Business School London, Ontario

  Governor Stephen S. Poloz talks about the Bank of Canada’s response to the COVID-19 pandemic.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
• April 16, 2020

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance 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’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 […]

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Inflation and prices, Monetary policy, Monetary policy transmission, Recent economic and financial developments
• April 15, 2020

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz 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 Topic(s): Coronavirus disease (COVID-19)
• April 15, 2020

  Bank of Canada maintains overnight rate target and unveils new market operations

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases