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13 July 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

24 June 2016 Statement of G7 Finance Ministers and Central Bank Governors

We, G7 Ministers and Governors, respect the intention expressed today by the people of the United Kingdom to exit from the European Union. We are monitoring market developments following the outcome of the referendum on the UK’s membership of the EU.
Content Type(s): Press, Press Releases

17 June 2016 Unlocking fintech’s promise requires collaboration, says Senior Deputy Governor Wilkins

Technological innovation in financial services could transform the financial system, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today. But realizing the benefits of fintech, while guarding against the risks it could create, requires strong collaboration among actors in the financial system.
Content Type(s): Press, Press Releases

15 June 2016 Canadian economy making progress, Governor Poloz says

The Canadian economy is making progress in adjusting to low oil prices and recovering from the global financial crisis, Bank of Canada Governor Stephen S. Poloz said today.
Content Type(s): Press, Press Releases

9 June 2016 Overall risks to financial stability are largely unchanged, but household vulnerabilities have moved higher

The Financial System Review (FSR) concludes that the overall level of risk to Canada’s financial system is largely unchanged from six months ago. While household vulnerabilities have moved higher, the ongoing economic recovery in Canada means that the overall risk remains the same. The Bank highlights three vulnerabilities in the financial system: the elevated level of household indebtedness, imbalances in some regional housing markets and the fragility of liquidity in fixed-income markets.
Content Type(s): Press, Press Releases

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