We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
15 April 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 maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
15 April 2015 Monetary Policy Report - April 2015Real GDP in Canada is expected to grow by 1.9 per cent in 2015 and 2.5 per cent in 2016 and by 2.0 per cent in 2017.
6 April 2015 Business Outlook Survey - Spring 2015In the spring Business Outlook Survey, lower oil prices continue to dampen the overall sales outlook of firms, weighing on investment and hiring intentions. However, a majority of businesses are benefiting from the strong economic outlook in the United States and the boost in competitiveness from the weaker Canadian dollar.
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.