News

• December 6, 2017

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• November 29, 2017

  Bank of Canada announces finalists for the third annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the finalists for the 2017–18 edition of The Governor’s Challenge, a competition in which university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• November 28, 2017

  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): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet
• November 28, 2017

  Vulnerabilities in the Canadian financial system remain elevated, but elements for improvement are emerging

  Media Relations Ottawa, Ontario

  The high level of household indebtedness and housing market imbalances remain the most important vulnerabilities identified by the Bank of Canada in its Financial System Review (FSR), published today. While these vulnerabilities are still elevated, improving economic conditions and recent changes to housing policy should support an easing of these vulnerabilities over time.

  Content Type(s): Press, Press releases
• November 28, 2017

  Financial System Review - November 2017

  

  This issue of the Financial System Review reflects the Bank’s judgment that the high level of household indebtedness and housing market imbalances remain the most important vulnerabilities. While these vulnerabilities are still elevated, improving economic conditions and recent changes to housing policy should support an easing of these vulnerabilities over time. A third vulnerability highlighted in the FSR concerns cyber threats and the interconnectedness of the financial system.

  Content Type(s): Publications, Financial Stability Report
• November 16, 2017

  Bank of Canada Review - Autumn 2017

  

  Is shale oil production in the United States a factor in the 2014 oil price decline? Which methods of payment are commonly accepted by merchants in Canada? Bank researchers share their insights on these topics. They also provide an update on the neutral rate of interest as well as on changes to the Bank’s operational framework for market operations.

  Content Type(s): Publications, Bank of Canada Review
• November 15, 2017

  Uncertainty can affect monetary policy actions, says Senior Deputy Governor Wilkins

  Media Relations New York, New York

  Uncertainty is an important consideration for monetary policy decisions and, depending on the circumstances, it can prompt central banks to be more, or less, aggressive, Senior Deputy Governor Carolyn A. Wilkins told the Money Marketeers of New York University in a speech today. “Central bankers have well-established methods to deal with uncertainty in the conduct […]

  Content Type(s): Press, Press releases
• November 15, 2017

  Embracing Uncertainty in the Conduct of Monetary Policy

  Remarks Carolyn A. Wilkins Money Marketeers of New York University New York, New York

  Senior Deputy Governor Carolyn A. Wilkins explains how uncertainty is factored into monetary policy decisions.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Economic models, Monetary policy, Monetary policy and uncertainty, Monetary policy implementation, Monetary policy transmission
• November 15, 2017

  Bank of Canada and Bank of Korea sign currency swap agreement

  Media Relations Ottawa, Ontario

  The Bank of Canada and the Bank of Korea today announced a standing bilateral liquidity swap arrangement, effective immediately.

  Content Type(s): Press, Press releases
• November 7, 2017

  Fundamental forces continue to drive inflation as economy evolves, Bank of Canada Governor Poloz says

  Media Relations Montréal, Quebec

  MONTRÉAL, QUEBEC—The fundamental forces that have always driven inflation will continue to do so, even as the global economy evolves, Bank of Canada Governor Stephen S. Poloz said today. In a speech to CFA Montréal and the Montreal Council on Foreign Relations, Governor Poloz challenged the idea that recent softness in inflation in many advanced […]

  Content Type(s): Press, Press releases