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


26 September 2016 Integrating economies through trade affects monetary policy, Governor Poloz says

In the first annual Paul Storer Memorial Lecture on Canada–US relations, given at Western Washington University, Governor Poloz said that the evolution of international trade practices, such as building global value chains and establishing foreign affiliates, suggests that economies are becoming more integrated.
Content Type(s): Press, Press Releases

The Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary Policy

Staff Discussion Paper 2016-20 Stephen S. Poloz
In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient supporting evidence for central banks to treat the issue seriously.

20 September 2016 Lower-for-longer interest rates require adjustments, Governor Poloz says

Canadians need to understand the forces that have led to a prolonged period of low interest rates and make adjustments, Bank of Canada Governor Stephen S. Poloz said.
Content Type(s): Press, Press Releases

20 September 2016 Living with Lower for Longer

Remarks Stephen S. Poloz Association des économistes québécois, the Cercle finance du Québec and CFA Québec Québec, Québec
Governor Stephen S. Poloz talks about the adjustments that savers and companies need to make in response to low interest rates, and economic policies that can help.
Content Type(s): Press, Speeches

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2016-09-27: 1 CAD = 0.7548 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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