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


8 February 2016 Monetary Policy and Financial Stability—Looking for the Right Tools

Remarks Timothy Lane HEC Montréal Montréal, Quebec
Deputy Governor Tim Lane discusses the links between monetary policy and financial stability.
Content Type(s): Press, Speeches

3 February 2016 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

Opening Statement Stephen Murchison Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario
Stephen Murchison discusses the causes and economic impact of movements in the Canadian dollar exchange rate.
Content Type(s): Press, Speeches

20 January 2016 Monetary Policy Report Press Conference Opening Statement

Opening Statement Stephen S. Poloz Ottawa, Ontario
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
Content Type(s): Press, Speeches

20 January 2016 Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
Content Type(s): Press, Press Releases

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Daily Noon Exchange Rates

CAD/USD Noon Rate

CAD/USD Noon Rate - Past 3 months

2016-02-09: 1 CAD = 0.7236 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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Currency Converter


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