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


18 January 2017 Monetary Policy Report Press Conference Opening Statement

Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
Content Type(s): Press, Speeches

18 January 2017 Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
Content Type(s): Press, Press Releases

18 January 2017 Monetary Policy Report - January 2017

Monetary Policy Report - January 2017
The Canadian economy is expected to expand by 2.1 per cent this year and in 2018.

9 January 2017 Business Outlook Survey - Winter 2016-17

The results of the winter Business Outlook Survey indicate that business prospects have improved following two years of overall modest activity. The responses reflect building domestic demand, a supportive export outlook and an expected recovery in energy-related activity.

9 January 2017 Senior Loan Officer Survey - Fourth-Quarter 2016

Survey results suggest that overall business-lending conditions were essentially unchanged during the fourth quarter of 2016.

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CAD/USD Noon Rate - Past 3 months

2017-01-20: 1 CAD = 0.7497 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.

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