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

News

26 May 2016 Bank of Canada announces appointment of Advisor in New York Office

The Bank of Canada today announced the appointment of Sheryl King as Advisor to the Governor, effective 5 July 2016. Ms. King will represent the Bank in its New York Office.
Content Type(s): Press, Press Releases

25 May 2016 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

16 May 2016 Bank of Canada Review - Spring 2016

Bank of Canada Review - Spring 2016
This issue focuses on the upcoming renewal of Canada’s inflation-control target. Bank researchers discuss the estimate of the lower bound to policy interest rates in Canada. They also discuss downward nominal wage rigidity and whether its presence warrants considering a higher inflation target. The third article highlights the experience some international central banks have had with unconventional monetary policies. The final article describes monetary policy frameworks in 10 advanced economies.

See More

Daily Noon Exchange Rates

CAD/USD Noon Rate

CAD/USD Noon Rate - Past 3 months

2016-05-31: 1 CAD = 0.7634 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.

Read More

Currency Converter

About

Follow the Bank