News

• March 9, 2016

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• March 8, 2016

  Bank of Canada launches public consultation to select Canadian woman to be on next series bank note

  Media Relations Ottawa, Ontario

  As announced today by Prime Minister Justin Trudeau and Minister of Finance Bill Morneau, the Bank of Canada is undertaking a broad public consultation to select an iconic Canadian woman to be featured on the first bank note of its next series. This new note will be issued in 2018.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• February 24, 2016

  Connecting the Dots: Elevated Household Debt and the Risk to Financial Stability

  Remarks Lawrence L. Schembri Guelph Chamber of Commerce Guelph, Ontario

  Deputy Governor Lawrence Schembri discusses household debt, the risk it poses to financial stability and the role of the Bank of Canada.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Monetary policy, Recent economic and financial developments, Sectoral balance sheet
• February 23, 2016

  Bank of Canada Announces Deputy Governor Appointment

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Sylvain Leduc as Deputy Governor, effective 2 May 2016.

  Content Type(s): Press, Press releases
• February 16, 2016

  Bank of Canada Announces Future Changes to its Published Foreign Exchange Rate Data

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that, effective 1 March 2017, it will make a series of changes to the number, frequency and calculation methodology of its published foreign exchange rates.

  Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
• February 16, 2016

  Bank of Canada announces winners of The Governor’s Challenge student competition

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the winners of The Governor’s Challenge, a new 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 12, 2016

  Bank of Canada Announces 2016 Scholarship Recipients

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the inaugural winners of its student Scholarship and Work Placement Program.

  Content Type(s): Press, Press releases Source(s): Scholarship awards
• February 8, 2016

  Monetary Policy and Financial Stability—Looking for the Right Tools

  Remarks Timothy Lane HEC Montréal Montréal, Quebec

  Deputy Governor Tim Lane discusses the links between monetary policy and financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Credit and credit aggregates, Financial stability, Financial system regulation and policies, Monetary policy framework, Sectoral balance sheet
• February 3, 2016

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Stephen Murchison Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Stephen Murchison discusses the causes and economic impact of movements in the Canadian dollar exchange rate.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 20, 2016

  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): Inflation and prices, Interest rates, Monetary policy, Monetary policy implementation, Recent economic and financial developments, Regional economic developments