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


21 January 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

21 January 2015 Bank of Canada lowers overnight rate target to 3/4 per cent

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 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

21 January 2015 Monetary Policy Report - January 2015

Monetary Policy Report - January 2015
Economic growth in Canada is expected to average 2.1 per cent in 2015 and 2.4 per cent in 2016, with a return to full capacity around the end of 2016.

13 January 2015 Drilling Down - Understanding Oil Prices and Their Economic Impact

Remarks Timothy Lane Madison International Trade Association (MITA) Madison, Wisconsin
Deputy Governor Timothy Lane discusses the causes of the recent drop in oil prices and its effects on the global and Canadian economies.
Content Type(s): Press, Speeches

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Daily Noon Exchange Rates

CAD-USD Noon Rate

CAD-USD Noon Rate - Past 3 months

2015-01-28: 1 CAD = 0.8031 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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