We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
27 July 2015 Bank of Canada Publishes 2016 Schedule for Policy Interest Rate Announcements and Release of the Monetary Policy ReportThe Bank of Canada today published its 2016 schedule of the key dates for policy interest rate announcements and release of the quarterly Monetary Policy Report, and it reconfirmed the scheduled announcement dates for the remainder of this year.
15 July 2015 Release of the Monetary Policy ReportPress conference following the release of the Monetary Policy Report.
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
15 July 2015 Monetary Policy Report – July 2015Economic growth in Canada is projected to average just over 1 per cent in 2015 and about 2 1/2 per cent in 2016 and 2017.
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.