We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
Senior Deputy Governor Carolyn Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
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.
13 July 2016 Monetary Policy Report – July 2016Canadian economic growth is projected to accelerate from 1.3 per cent this year to 2.2 per cent in 2017.
4 July 2016 Business Outlook Survey - Summer 2016The summer Business Outlook Survey indicates that overall business sentiment is subdued. The boost from foreign demand remains insufficient to outweigh the continued drag from commodity-related activity combined with modest domestic demand.
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.