News

• June 28, 2019

  Business Outlook Survey—Summer 2019

  Results from the summer Business Outlook Survey point to a slight improvement in business sentiment after a moderation in the previous survey. Investment and hiring intentions continue to be healthy.

  Content Type(s): Publications, Business Outlook Survey
• June 28, 2019

  Senior Loan Officer Survey—Second Quarter of 2019

  For household lending, mortgage conditions eased, while non-mortgage lending conditions remained unchanged. Overall business lending conditions eased slightly, driven mainly by small and commercial businesses outside the Prairies as well as corporates.

  Content Type(s): Publications, Senior Loan Officer Survey
• June 27, 2019

  Bank of Canada announces partnership to improve resilience in financial sector

  Media Relations Ottawa, Ontario

  The Bank’s cyber security strategy charts our course to reduce risk and promote resilience for the years 2019 to 2021.

  Content Type(s): Press, Press releases Source(s): Canadian Financial Sector Resiliency Group
• June 17, 2019

  The merits of a floating exchange rate

  Speech summary Lawrence L. Schembri Economics Society of Northern Alberta (ESNA) Edmonton, Alberta

  Deputy Governor Lawrence Schembri explains how Canada’s monetary policy framework—inflation targeting underpinned by a flexible exchange rate—has proved to be the most durable in the post-war period.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Exchange rate regimes, Exchange rates, Financial markets, Inflation targets, Monetary policy framework
• May 30, 2019

  Economic progress depends on business investment

  Speech summary Carolyn A. Wilkins Calgary Chamber of Commerce Calgary, Alberta

  Senior Deputy Governor Carolyn A. Wilkins talks about the importance of business investment to the Canadian economy and reviews the latest interest rate decision.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Interest rates, Monetary policy, Potential output, Productivity, Recent economic and financial developments
• May 29, 2019

  Bank of Canada maintains overnight rate target at 1 ¾ per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• May 16, 2019

  Release of the Financial System Review

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Climate change, Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet
• May 16, 2019

  Financial System Review Summary—2019

  

  Stephen S. Poloz, Carolyn A. Wilkins, Timothy Lane, Lawrence L. Schembri, Lynn Patterson, Paul Beaudry

  In our Financial System Review, we identify the main vulnerabilities and risks to financial stability in Canada and explain how they have evolved over the past year. This issue reflects the Bank’s judgment that the vulnerabilities associated with high household debt and imbalances in the housing market have declined modestly but remain significant. The Financial System Review is a product of the Governing Council of the Bank of Canada: Stephen S. Poloz, Carolyn A. Wilkins, Timothy Lane, Lawrence Schembri, Lynn Patterson and Paul Beaudry.

  Content Type(s): Publications, Financial Stability Report
• May 8, 2019

  Deputy Governor Lynn Patterson to retire from the Bank of Canada

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today that Deputy Governor Lynn Patterson will retire on July 19, 2019.

  Content Type(s): Press, Press releases
• May 6, 2019

  Poloz talks mortgages: Innovation could improve flexibility

  Speech summary Stephen S. Poloz Canadian Credit Union Association and the Winnipeg Chamber of Commerce Winnipeg, Manitoba

  Stephen S. Poloz, Governor of the Bank of Canada, speaks before the Canadian Credit Union Association and the Winnipeg Chamber of Commerce.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Financial services, Financial stability, Housing, Recent economic and financial developments, Trade integration