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

Key Indicators

(US) USD-CAD Noon Rate:

2013-12-11: 0.9428 Past 3 months (USD-CAD) (1 CAD = 0.9428 USD)

Currency Converter

11 December 2013:
to
cash rate:

Closing Rates

Notice: Daily closing rates on 24 December and 31 December

Notice: Foreign exchange rates on Family Day holiday

Schedule of key interest rate announcements

In 2000, the Bank of Canada adopted a system of eight pre-set dates per year on which it announces its key interest rate.

News

Publication

There have been positive developments in the global financial system since the June Financial System Review, in part reflecting some encouraging signs about the global economy. At the same time, significant vulnerabilities remain. The Governing Council judges that the overall risk to the stability of Canada’s financial system has decreased from “high” to “elevated” over the past six months.

5 December 2013

Senior Deputy Governor Tiff Macklem will leave the Bank in May 2014

Press Release  - Ottawa, Ontario

Senior Deputy Governor Tiff Macklem has announced that he will resign from the Bank of Canada next spring to become Dean of University of Toronto’s Rotman School of Management.

4 December 2013

Bank of Canada maintains overnight rate target at 1 per cent

Press Release  - Ottawa

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

20 November 2013

Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce

Opening Statement - Stephen S. Poloz  -  Ottawa, Ontario
Senate Standing Committee on Banking, Trade and Commerce

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