We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
Latest Webcast
Webcast of a press conference about the Monetary Policy Report.
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.
Renewing Canada’s Inflation-Control Agreement
In 2016, the Bank of Canada and the Government of Canada will renew Canada’s Agreement on the Inflation-Control Target.
News
21 January 2015 Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report.21 January 2015 Bank of Canada lowers overnight rate target to 3/4 per cent
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.21 January 2015 Monetary Policy Report - January 2015
13 January 2015 Drilling Down - Understanding Oil Prices and Their Economic Impact
Deputy Governor Timothy Lane discusses the causes of the recent drop in oil prices and its effects on the global and Canadian economies.
Daily Noon Exchange Rates
CAD-USD Noon Rate
2015-01-23: 1 CAD = 0.8063 USD
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.