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

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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

2014-07-21: 1 CAD = 0.9314 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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