News

• May 27, 2015

  Bank of Canada maintains overnight rate target at 3/4 per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• May 19, 2015

  Canadian economy rebuilding, though headwinds remain, says Governor Poloz

  Media Relations Charlottetown, Prince Edward Island

  Following a setback caused by the drop in oil prices, the Canadian economy is once again on a course toward sustainable balanced growth, although it continues to face headwinds, Bank of Canada Governor Stephen S. Poloz said today. The Governor’s speech to the Greater Charlottetown Area Chamber of Commerce outlined some key indicators the Bank […]

  Content Type(s): Press, Press releases
• May 19, 2015

  The Way Home: Reading the Economic Signs

  Remarks Stephen S. Poloz Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  Governor Poloz discusses some key indicators the Bank is watching as the Canadian economy heads toward sustainable balanced growth.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Firm dynamics, Inflation and prices, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
• May 18, 2015

  Bank of Canada to issue a commemorative bank note marking the historic reign of Queen Elizabeth II

  As announced by the Prime Minister’s Office, the Bank of Canada will contribute to the Government of Canada’s plans to commemorate the historic reign of Her Majesty Queen Elizabeth II by issuing a commemorative bank note in 2015.

  Content Type(s): Press, Announcements Topic(s): Bank notes
• May 14, 2015

  Fine-Tuning the Framework for the Bank’s Market Operations

  Remarks Lynn Patterson CFA Society Vancouver Vancouver, British Columbia

  Deputy Governor Lynn Patterson discusses proposed changes to the Bank’s financial market operations.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial institutions, Financial markets, Financial stability, Financial system regulation and policies, Lender of last resort, Monetary policy implementation
• May 14, 2015

  Bank of Canada Review - Spring 2015

  

  In this issue, Bank researchers discuss inflation dynamics and global trade following the 2007–09 financial crisis. Other articles explore changes to the governance and regulation of the Canadian payments system and outline the banking services provided by the Bank of Canada. Finally, the results of the 2013 Methods-of-Payment Survey are presented.

  Content Type(s): Publications, Bank of Canada Review
• May 5, 2015

  Canada’s Economy Counts on Reliable Liquidity Says Senior Deputy Governor Carolyn Wilkins

  Media Relations Montréal, Quebec

  The financial system needs reliable funding and market liquidity to support economic activity, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today in her speech to the Board of Trade of Metropolitan Montreal. “We learned from the crisis that liquidity can be a fickle friend, and its absence can amplify financial distress,” she said. […]

  Content Type(s): Press, Press releases
• May 5, 2015

  Liquid Markets for a Solid Economy

  Remarks Carolyn A. Wilkins Chambre de commerce du Montréal métropolitain Montréal, Quebec

  Senior Deputy Governor Wilkins discusses funding and market liquidity, and announces consultations on the Bank’s market operations and emergency lending frameworks.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Asset pricing, Financial institutions, Financial markets, Financial stability, Financial system regulation and policies, Lender of last resort
• April 28, 2015

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  Good morning, Mr. Chairman and committee members. Carolyn and I are happy to be here for one of our twice-yearly meetings on our Monetary Policy Report (MPR). Today we will outline for you the Bank’s latest economic outlook, published in our MPR on 15 April. In this volatile and uncertain environment, it is helpful to […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 15, 2015

  Release of the Monetary Policy Report

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy implementation, Recent economic and financial developments