We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
7 December 2016 Bank of Canada maintains overnight rate target at 1/2 per centThe 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.
1 December 2016 Bank of Canada announces details of forthcoming changes to its published foreign exchange rate dataThe Bank of Canada today announced a final list of the 26 foreign currency exchange rates that it will continue to publish after 1 March 2017.
28 November 2016 Growth of the service sector is helping Canada’s economy return to full output, Governor Poloz saysThe rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.
Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.