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


December 6, 2018

Year-End Economic Progress Report: Financial Vulnerabilities in Focus

Remarks Stephen S. Poloz CFA Toronto Toronto, Ontario
Governor Poloz talks about how household debt levels and housing markets played a role in the latest interest-rate decision.
December 6, 2018

Governor Poloz Speaks on Financial Vulnerabilities and Risks to the Economy

In his final speech of 2018, Governor Stephen S. Poloz discusses the vulnerabilities and risks in Canada’s financial system as well as Canadian and global economic developments. He explains how all this was taken into account in the December interest rate decision.
December 5, 2018

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
Content Type(s): Press, Press Releases
December 4, 2018

Bank of Canada Announces Deputy Governor Appointment

The Board of Directors of the Bank of Canada today announced the appointment of Paul Beaudry as Deputy Governor, effective February 18, 2019.
Content Type(s): Press, Press Releases
November 29, 2018

New exhibition on Viola Desmond opens at Bank of Canada Museum

The Bank of Canada Museum is inviting Canadians of all ages to visit the new exhibition A Noteworthy Woman, which depicts the life of Viola Desmond, an icon of the human rights and social justice movement in Canada and the first Canadian woman to appear on a regular bank note.
Content Type(s): Press, Press Releases

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Exchange Rates

Canadian dollar

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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