Bank of Canada

The Bank of Canada is pleased to announce the recipients of its 2019 Law Enforcement Award of Excellence for Counterfeit Deterrence. Della Lewis of the RCMP Forensic Laboratory and Detective Jerry Sobchyshyn of the Edmonton Police Service designed a course for police studies at Grant MacEwan University that combines their...

FOR IMMEDIATE RELEASE Available as: PDF The Bank of Canada today published its 2020 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report and reconfirmed the...

FOR IMMEDIATE RELEASE Available as: PDF The Bank of Canada today announced its intention to become the administrator of the Canadian Overnight Repo Rate Average (CORRA), a key interest rate benchmark for financial...

 OTTAWA – On Tuesday, July 16, 2019, the Bank of Canada will provide an update on the Canadian Alternative Reference Rate Working Group’s work to strengthen the Canadian Overnight Repo Rate Average (CORRA), an important benchmark for Canadian dollar financial markets.   Time 10:00 (Eastern Time)...

Opening Statement Available as: PDF Good morning. Thanks for coming out on this beautiful summer day. Governor Poloz and I are pleased to be here to answer your questions about today’s interest rate announcement and our...

FOR IMMEDIATE RELEASE Available as: PDF The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent....

Available as: PDF The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021.

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FOR IMMEDIATE RELEASE Available as: PDF The Bank of Canada today announced the launch of a public-private partnership to strengthen the resilience of Canada’s financial sector in the face of risks to business operations, including...