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


22 October 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

22 October 2014 Notice: Press Conference Cancelled

In light of this morning’s incident in downtown Ottawa, the Bank of Canada is cancelling its press conference on the October Monetary Policy Report.
Content Type(s): Announcements, Press

22 October 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

22 October 2014 Monetary Policy Report - October 2014

Monetary Policy Report - October 2014
Real GDP growth is projected to average around 2 1/2 per cent over the next year before slowing to around 2 per cent in 2016.

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CAD-USD Noon Rate

CAD-USD Noon Rate - Past 3 months

2014-10-21: 1 CAD = 0.8913 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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