Media Relations

The Bank of Canada today published a report summarizing the feedback it received from stakeholders and the Canadian public during consultations on its monetary policy framework.

The Bank of Canada will soon start publishing Notices of Violation related to Payment Service Providers (PSPs) that are subject to the Retail Payment Activities Act (RPAA) and the associated Retail Payment Activities Regulations.

The G7 Central Bank Quantum Technologies Working Group (QTWG) announces the publication of its report, “Preparing for Quantum Technologies: Key Considerations for Financial Sector Participants.” This document constitutes the first public deliverable of the working group.

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

The Bank of Canada announced today it is joining the Bank for International Settlements’ Project Agorá, an initiative exploring how tokenization could improve wholesale cross-border payments.