News

• November 19, 2019

  Canada’s financial system is resilient amid global uncertainty, Senior Deputy Governor Wilkins says

  Media Relations Montréal, Quebec

  The Canadian financial system and economy are in good shape to deal with whatever storms might arise from a weakening global context, Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases
• November 19, 2019

  Financial stability in an uncertain world

  Speech summary Carolyn A. Wilkins The International Finance Club of Montreal Montréal, Quebec

  Senior Deputy Governor Carolyn A. Wilkins talks about the recent strengthening of Canada’s financial system.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Climate change, Financial institutions, Financial stability, Financial system regulation and policies, Trade integration

• Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution

  Staff Discussion Paper 2019-11 Stephen S. Poloz

  This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and machine learning, which is sometimes called the “fourth industrial revolution.”

  Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Financial stability, Monetary policy and uncertainty, Monetary policy framework JEL Code(s): C, C5, E, E3, O, O1, O11, O3, O33
• November 12, 2019

  Cyber Security: Breaking Down Barriers

  Remarks Filipe Dinis Information Technology Association of Canada Toronto, Ontario

  Chief Operating Officer Filipe Dinis discusses the need for greater collaboration across sectors to enhance Canada’s cyber resiliency.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Cyber defenses, Cyber security, Financial stability
• October 30, 2019

  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
• October 30, 2019

  Bank of Canada maintains overnight rate target at 1 ¾ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.

  Content Type(s): Press, Press releases
• October 30, 2019

  Monetary Policy Report – October 2019

  

  The Bank projects that Canadian economy will grow by 1.5 percent this year, 1.7 percent in 2020 and 1.8 percent in 2021.

  Content Type(s): Publications, Monetary Policy Report
• October 22, 2019

  Business Outlook Survey—Autumn 2019

  Results from the autumn Business Outlook Survey indicate that business sentiment improved slightly, but regional differences are more pronounced. Positive views in Central Canada contrast with widespread weakness in the Prairies.

  Content Type(s): Publications, Business Outlook Survey
• October 22, 2019

  Senior Loan Officer Survey—Third Quarter of 2019

  For household lending, mortgage conditions ease this quarter while non-mortgage lending conditions tightened. Overall business lending conditions were unchanged, with a slight tightening in non-price conditions and unchanged price conditions.

  Content Type(s): Publications, Senior Loan Officer Survey
• September 19, 2019

  Bank of Canada announces Deputy Governor and Special Advisor appointments

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Toni Gravelle as Deputy Governor, effective October 1, 2019. The Bank also today announced that Mark Hardisty will join the Bank as Special Advisor to the Governor for a two-year term beginning November 6, 2019.

  Content Type(s): Press, Press releases