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


16 July 2014 Release of the Monetary Policy Report

Opening Statement Stephen S. Poloz Ottawa, Ontario
Press conference following the release of the Monetary Policy Report.
Content Type(s): Press, Speeches

16 July 2014 Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Content Type(s): Press, Press Releases

16 July 2014 Monetary Policy Report - July 2014

Monetary Policy Report - July 2014
Canadian real GDP growth is projected to average around 2 ¼ per cent during 2014-2016.

7 July 2014 Senior Loan Officer Survey - Second-Quarter 2014

The survey results point to a further easing in overall business-lending conditions during the second quarter of 2014.

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CAD-USD Noon Rate

CAD-USD Noon Rate - Past 3 months

2014-07-25: 1 CAD = 0.9247 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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