June 13, 2024
We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
June 12, 2024
Central banking: Navigating in a new world
Remarks
Tiff Macklem
30th Conference of Montréal: International Economic Forum of the Americas
Montréal, Quebec
Governor Tiff Macklem looks back on the lessons learned from post-pandemic inflation and discusses the challenges ahead.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Coronavirus disease (COVID-19),
Inflation and prices,
Inflation: costs and benefits,
International topics,
Monetary policy
June 5, 2024
Bank of Canada reduces policy rate by 25 basis points
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
Content Type(s):
Press,
Press releases
June 5, 2024
Monetary Policy Decision Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
May 30, 2024
Future-proofing our payments systems
Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our payment infrastructure.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Bank notes,
Digital currencies and fintech,
Payment clearing and settlement systems,
Retail payments supervision
ICYMI: We’ve come a long way in the fight against inflation. But we don’t want to lower interest rates too quickly and risk the progress made in bringing inflation down. https://t.co/ZT4ZsCRB8g#economy #cdnecon pic.twitter.com/KP4M6oO0uc
— Bank of Canada (@bankofcanada) June 6, 2024
Canadian dollar
Market notices
- June 11, 2024 Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility
- June 10, 2024 CARR provides guidance for CDOR-based loans, derivatives and securities that do not have a robust fallback in place for CDOR’s cessation post June 28, 2024
- May 16, 2024 Move to T+1 settlement for Government of Canada securities auctions
- May 13, 2024 CARR publishes illustrative examples on determining fallback rates on floating rate notes that reference CDOR
- April 30, 2024 CARR reiterates that market participants with CDOR-based loans, derivatives or securities must prepare for CDOR’s cessation post June 28, 2024
Upcoming events
- June 19, 2024 Publication: Summary of Deliberations
- June 24, 2024 Provincial Holiday
- June 24, 2024 Speech: Tiff Macklem, Governor
- July 1, 2024 Canada Day
- July 15, 2024 Release: Business Outlook Survey and Canadian Survey of Consumer Expectations