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


15 April 2015 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

15 April 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

15 April 2015 Monetary Policy Report - April 2015

Monetary Policy Report - April 2015
Real GDP in Canada is expected to grow by 1.9 per cent in 2015 and 2.5 per cent in 2016 and by 2.0 per cent in 2017.

6 April 2015 Business Outlook Survey - Spring 2015

In the spring Business Outlook Survey, lower oil prices continue to dampen the overall sales outlook of firms, weighing on investment and hiring intentions. However, a majority of businesses are benefiting from the strong economic outlook in the United States and the boost in competitiveness from the weaker Canadian dollar.

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Daily Noon Exchange Rates

CAD-USD Noon Rate

CAD-USD Noon Rate - Past 3 months

2015-04-24: 1 CAD = 0.8220 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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