News

• March 12, 2015

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Rhys R. Mendes House of Commons Standing Committee on Finance Ottawa, Ontario

  Rhys Mendes discusses the impact of lower oil prices on the Canadian economy, in general, and on the manufacturing industry, in particular.

  Content Type(s): Press, Speeches and appearances, Opening statements
• March 4, 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
• February 24, 2015

  Inflation Control Must Consider Financial Stability Concerns, Says Governor Stephen S. Poloz

  Media Relations London, Ontario

  Policymakers should heed history’s lessons as they reinvent central banking in the aftermath of the Great Recession, Bank of Canada Governor Stephen S. Poloz said today. In the inaugural President’s Lecture at Western University, the Governor discussed the evolution of central bank policy and the need to promote both price and financial stability. Many central […]

  Content Type(s): Press, Press releases
• February 24, 2015

  Lessons New and Old: Reinventing Central Banking

  Remarks Stephen S. Poloz Western University President's Lecture London, Ontario

  Governor Stephen S. Poloz discusses the need to integrate financial stability concerns with inflation control in conducting monetary policy after the financial crisis.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Inflation and prices, Inflation targets, Monetary aggregates, Monetary policy, Monetary policy framework
• February 19, 2015

  Inflation, Expectations and Monetary Policy

  Remarks Agathe Côté Association québécoise des technologies Mont-Tremblant, Quebec

  Deputy Governor Agathe Côté discusses the importance of inflation expectations for monetary policy and a new survey the Bank of Canada created to monitor household expectations.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Credibility, Inflation and prices, Inflation targets, Monetary and financial indicators, Recent economic and financial developments
• February 17, 2015

  Opening Statement before the Standing Committee on Finance

  Opening statement Paul Chilcott Standing Committee on Finance

  Paul Chilcott discusses the Bank’s work to support the development of renminbi activity in Canada.

  Content Type(s): Press, Speeches and appearances, Opening statements
• February 10, 2015

  Economy Has Room to Grow, Says Senior Deputy Governor Carolyn Wilkins

  Media Relations Ottawa, Ontario

  The Canadian economy still has room to grow, and the sharp drop in oil prices is a setback, Bank of Canada Senior Deputy Governor Carolyn Wilkins said in Ottawa today, adding that monetary policy will support the needed adjustments. As the Bank assesses the underlying inflation pressures in the Canadian economy, it is critical that […]

  Content Type(s): Press, Press releases
• February 10, 2015

  Minding the Labour Gap

  Remarks Carolyn A. Wilkins Ottawa Economics Association Ottawa, Ontario

  Senior Deputy Governor Carolyn Wilkins discusses the state of the labour market, the impact of lower oil prices on Canada’s economic outlook and the importance of both for monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation and prices, Inflation targets, Labour markets, Monetary policy, Potential output, Productivity
• January 21, 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, Monetary policy, Monetary policy implementation, Recent economic and financial developments, Regional economic developments
• January 21, 2015

  Bank of Canada lowers overnight rate target to 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 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