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


4 March 2015 Bank of Canada maintains overnight rate target at 3/4 per cent

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.
Content Type(s): Press, Press Releases

24 February 2015 Lessons New and Old: Reinventing Central Banking

Remarks Stephen S. Poloz Western University President's Lecture London, Ontario
Governor Stephen S. Poloz discusses the need to integrate financial stability concerns with inflation control in conducting monetary policy after the financial crisis.
Content Type(s): Press, Speeches

19 February 2015 Inflation, Expectations and Monetary Policy

Remarks Agathe Côté Association québécoise des technologies Mont-Tremblant, Quebec
Deputy Governor Agathe Côté discusses the importance of inflation expectations for monetary policy and a new survey the Bank of Canada created to monitor household expectations.
Content Type(s): Press, Speeches

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Daily Noon Exchange Rates

CAD-USD Noon Rate

CAD-USD Noon Rate - Past 3 months

2015-03-05: 1 CAD = 0.8012 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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