We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.


January 17, 2018 Monetary Policy Report Press Conference Opening Statement

Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
Content Type(s): Press, Speeches

January 17, 2018 Bank of Canada increases overnight rate target to 1 1/4 per cent

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.
Content Type(s): Press, Press Releases

January 17, 2018 Monetary Policy Report – January 2018

MPR - January 2018 - Cover
Growth in the Canadian economy is projected to slow from 3 per cent in 2017 to 2.2 per cent this year and 1.6 per cent in 2019.

January 10, 2018 Bank of Canada announces 2017–18 scholarship recipients

The Bank of Canada is pleased to announce this year’s recipients of its Scholarship and Work Placement Program for Indigenous students and students with disabilities.
Content Type(s): Press, Press Releases

January 8, 2018 Business Outlook Survey - Winter 2017–18

Business sentiment in the winter Business Outlook Survey remains positive: the sales outlook is still healthy, despite some moderation. At the same time, capacity and labour pressures are becoming more apparent and are stimulating firms’ employment and investment plans.

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Exchange Rates

Canadian dollar


Schedule of Key Interest Rate Announcements and Monetary Policy Report

Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.


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