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


28 September 2016 Bank of Canada Calls for Nominations for the 2017 Fellowship and Governor’s Awards

The Bank of Canada is calling for nominations under its Fellowship Program for 2017. This program provides monetary awards to foster excellence in economic and financial research in Canada, and supports the Bank’s development of partnerships with leading experts.
Content Type(s): Press, Press Releases

26 September 2016 Integrating economies through trade affects monetary policy, Governor Poloz says

In the first annual Paul Storer Memorial Lecture on Canada–US relations, given at Western Washington University, Governor Poloz said that the evolution of international trade practices, such as building global value chains and establishing foreign affiliates, suggests that economies are becoming more integrated.
Content Type(s): Press, Press Releases

The Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary Policy

Staff Discussion Paper 2016-20 Stephen S. Poloz
In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient supporting evidence for central banks to treat the issue seriously.

20 September 2016 Lower-for-longer interest rates require adjustments, Governor Poloz says

Canadians need to understand the forces that have led to a prolonged period of low interest rates and make adjustments, Bank of Canada Governor Stephen S. Poloz said.
Content Type(s): Press, Press Releases

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CAD/USD Noon Rate

CAD/USD Noon Rate - Past 3 months

2016-09-28: 1 CAD = 0.7552 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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