News

• January 20, 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
• January 20, 2016

  Monetary Policy Report – January 2016

  

  Growth in Canada’s economy is expected to reach 1.4 per cent this year and accelerate to 2.4 per cent in 2017.

  Content Type(s): Publications, Monetary Policy Report
• January 11, 2016

  Business Outlook Survey - Winter 2015-16

  Overall, responses to the winter Business Outlook Survey indicate that business sentiment has deteriorated as the negative effects of the commodity price shock continue to unfold and spread beyond the resource sector. However, exporters not directly affected by lower commodity prices continue to benefit from strong U.S. demand and the weak Canadian dollar.

  Content Type(s): Publications, Business Outlook Survey
• January 11, 2016

  Senior Loan Officer Survey - Fourth-Quarter 2015

  The survey results suggest that overall business-lending conditions tightened slightly during the fourth quarter of 2015.

  Content Type(s): Publications, Senior Loan Officer Survey
• January 8, 2016

  Governor Stephen S. Poloz appointed Chair of the BIS Consultative Council for the Americas

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank for International Settlements (BIS) has appointed , Governor of the Bank of Canada, as Chair of the BIS Consultative Council for the Americas (CCA). The appointment is for a term of two years, effective 9 January 2016. The announcement is available on the BIS website. For more information, […]

  Content Type(s): Press, Press releases
• January 7, 2016

  Life After Liftoff: Divergence and U.S. Monetary Policy Normalization

  Remarks Stephen S. Poloz The Mayor’s Breakfast Series Ottawa, Ontario

  Governor Poloz talks about the global commodity price shock and how it is leading to economic and financial divergence.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Domestic demand and components, Exchange rates, Inflation targets, Interest rates, International financial markets, Monetary policy
• January 7, 2016

  Expect policy divergence as economies adjust to shocks, Governor Poloz says

  Media Relations Ottawa, Ontario

  Diverging monetary policies are the natural consequence of large declines in resource prices and should be expected, Bank of Canada Governor Stephen S. Poloz said in a speech today at the Mayor’s Breakfast Series in Ottawa. Last month’s interest rate increase by the U.S. Federal Reserve is the first step in a long process toward […]

  Content Type(s): Press, Press releases
• December 15, 2015

  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
• December 15, 2015

  Bank of Canada says housing vulnerabilities have edged higher, but financial system remains resilient

  Media Relations Ottawa, Ontario

  Vulnerabilities in the housing sector have edged higher, the Bank of Canada said today in its Financial System Review (FSR), while the overall level of risk to Canada’s financial system has remained roughly unchanged since June. The Bank continues to identify two key vulnerabilities related to the Canadian household sector: the elevated level of household […]

  Content Type(s): Press, Press releases
• December 15, 2015

  Financial System Review - December 2015

  

  The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The December 2015 issue features two reports on significant developments in the financial system related to household finances: the importance of residential mortgage securitization for Canadian housing finance and the changing patterns of indebtedness of Canadian households.

  Content Type(s): Publications, Financial Stability Report