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


25 May 2017 Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?

Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?, James Chapman, Rod Garratt, Scott Hendry, Andrew McCormack and Wade McMahon, describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.

25 May 2017 Upgrading the Payments Grid: The Payoffs Are Greater Than You Think

Remarks Sylvain Leduc Payments Canada Toronto, Ontario
Deputy Governor Sylvain Leduc discusses how upgrading Canada’s core payment systems will contribute to financial stability and help the Bank keep inflation on target.
Content Type(s): Press, Speeches

24 May 2017 Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada 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

11 May 2017 Bank of Canada Review - Spring 2017

Bank of Canada Review - Spring 2017
Some suggest the global economy is facing a fourth industrial revolution. Bank researchers discuss the possible implications of digitalization on the economy. This issue also shares insights on the effectiveness of some unconventional monetary policies in a small open economy, how Government of Canada bonds are used throughout their life cycle, as well as how the Big Six Canadian banks choose their funding strategies and why. The final article examines the slow growth in business investment.

10 May 2017 Bank of Canada to participate in Doors Open Ottawa

The Bank of Canada is pleased to announce its participation in Doors Open Ottawa 2017.
Content Type(s): Press, Announcements

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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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