News

• February 21, 2019

  Monetary policy brings benefits—but has limits

  Speech summary Stephen S. Poloz Montréal, Quebec

  In his first speech of 2019, Governor Stephen S. Poloz explains that monetary policy is a powerful tool to promote our economic welfare. But he also notes that it has some key limits that need to be better understood in the face of uncertainty.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Inflation targets, Monetary policy framework
• February 19, 2019

  Wilfrid Laurier University crowned National Champion of The Governor’s Challenge

  Media Relations Ottawa, Ontario

  Wilfrid Laurier University has won the Bank of Canada’s fourth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• February 6, 2019

  Taking Precautions: The Canadian Approach to Foreign Reserves Management

  Remarks Timothy Lane Peterson Institute for International Economics Washington, D.C.

  Deputy Governor Timothy Lane discusses how Canada manages its foreign exchange reserves.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Foreign reserves management
• January 31, 2019

  Canada’s job market is solid, but some key questions remain, Senior Deputy Governor Wilkins says

  Media Relations Toronto, Ontario

  While the labour market in Canada is in good shape overall, answers to some key questions will help provide insight into slower-than-expected wage growth, Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases
• January 31, 2019

  A Look Under the Hood of Canada’s Job Market

  Remarks Carolyn A. Wilkins Toronto Region Board of Trade Toronto, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses developments in the Canadian labour market and factors that may help explain why wage growth is slower than expected.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Inflation and prices, Labour markets, Productivity, Regional economic developments, Service sector
• January 9, 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
• January 9, 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
• January 9, 2019

  Monetary Policy Report – January 2019

  

  The Bank projects that Canadian economic growth will slow to 1.7 per cent this year before rebounding to 2.1 per cent in 2020.

  Content Type(s): Publications, Monetary Policy Report
• December 21, 2018

  Business Outlook Survey—Winter 2018

  Results from the winter Business Outlook Survey continue to indicate positive business sentiment and elevated capacity pressures in most regions. For firms in the Prairies, the outlook has weakened.

  Content Type(s): Publications, Business Outlook Survey
• December 21, 2018

  Senior Loan Officer Survey—Fourth Quarter of 2018

  Overall household lending conditions were unchanged this quarter, although mortgage approval rates were lower. More widespread easing of business lending conditions continues to be driven by competition for corporate borrowers.

  Content Type(s): Publications, Senior Loan Officer Survey