We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
October 28, 2020 Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
October 28, 2020
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing programThe Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.
October 28, 2020 The Bank expects Canada’s economy to grow by almost 4 percent on average in 2021 and 2022, following a decline of about 5 ½ percent in 2020.
October 19, 2020 With many containment measures related to the COVID-19 pandemic being lifted, results from the autumn Business Outlook Survey suggest that business sentiment has improved but remains weak across all regions. Businesses expect the pace of the recovery in their sales to slow.
October 19, 2020 The Canadian Survey of Consumer Expectations (CSCE) collects respondents’ views on inflation, the labour market and household finances. The survey for the third quarter of 2020 was conducted from August 17 to September 1, 2020. Reported COVID‑19 cases have risen in some provinces since the survey was conducted. The survey included questions, introduced in the previous quarter, on the impacts of COVID‑19 and the measures to contain its spread, along with new questions on how the pandemic is affecting households’ savings.
- October 19, 2020 CARR’s mandate expanded to include analysis of CDOR
- October 19, 2020 The Bank of Canada launches the CORRA Advisory Group
- October 19, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (October 26-November 6)
- October 15, 2020 Bank of Canada announces changes to programs that support key financial markets
- October 6, 2020 Corporate Bond Purchase Program expanded to buy-side participants