News

• 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
• January 21, 2015

  Monetary Policy Report – January 2015

  

  Economic growth in Canada is expected to average 2.1 per cent in 2015 and 2.4 per cent in 2016, with a return to full capacity around the end of 2016.

  Content Type(s): Publications, Monetary Policy Report
• January 13, 2015

  Drilling Down - Understanding Oil Prices and Their Economic Impact

  Remarks Timothy Lane Madison International Trade Association (MITA) Madison, Wisconsin

  Deputy Governor Timothy Lane discusses the causes of the recent drop in oil prices and its effects on the global and Canadian economies.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Inflation and prices, International topics, Monetary policy, Recent economic and financial developments, Trade integration
• January 12, 2015

  Business Outlook Survey - Winter 2014-15

  The winter Business Outlook Survey continues to provide signs of strengthening demand, especially among export-oriented firms and manufacturers. However, the outlook for businesses that are linked directly or indirectly to the energy sector has deteriorated.

  Content Type(s): Publications, Business Outlook Survey
• January 12, 2015

  Senior Loan Officer Survey - Fourth-Quarter 2014

  The survey results point to nearly unchanged business-lending conditions during the fourth quarter of 2014.

  Content Type(s): Publications, Senior Loan Officer Survey
• December 16, 2014

  Bank of Canada publishes results of consultation on bank note design principles

  Media Relations Ottawa, Ontario

  The Bank of Canada today published a summary of the comments it received in an online consultation on the principles guiding the design of the country’s bank notes.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• December 11, 2014

  Financial reform is essential but must not stifle innovation, says Bank of Canada Governor Stephen S. Poloz

  Media Relations New York, New York

  Global financial reforms have made the financial system safer, but regulators must ensure that the new rules do not stifle innovation, Bank of Canada Governor Stephen S. Poloz said today in a speech in New York on the future of the financial industry. “I see such innovation in financial intermediation as essential to fostering regulatory […]

  Content Type(s): Press, Press releases
• December 11, 2014

  Speculating on the Future of Finance

  Remarks Stephen S. Poloz Economic Club of New York New York, New York

  Governor Stephen S. Poloz discusses the global financial reforms and what they mean for the future of finance.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 10, 2014

  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
• December 10, 2014

  Bank of Canada says household imbalances remain most important risk to financial stability

  Media Relations Ottawa, Ontario

  Risks to Canada’s financial system have not increased in the past six months, but high consumer debt loads and imbalances in the housing market remain a concern, the Bank of Canada said today in itsbiannual Financial System Review (FSR). “We judge that the probability of an adverse shock has eased since our June FSR,” said […]

  Content Type(s): Press, Press releases