January 11, 2021
We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
January 11, 2021
The Canadian Survey of Consumer Expectations (CSCE) collects respondents’ views on inflation, the labour market and household finances. The survey for the fourth quarter of 2020 was conducted from November 10 to December 1, 2020. This period coincides with a sharp increase in COVID‑19 cases across Canada and follows announcements about the development of effective vaccines. Since the survey was conducted, some provinces have imposed additional measures to contain the spread of the virus. In addition, the first vaccines have begun to be administered. Like the previous two surveys, the fourth-quarter survey included questions on the impacts of COVID‑19 and the measures to contain its spread. This survey also asked respondents how they used any benefits they received from income-support programs that governments put in place to help them through the pandemic. This quarter, the report provides some details by demographic characteristics.
Canadian Survey of Consumer Expectations—Fourth Quarter of 2020
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
December 15, 2020
Strengthening our exports
Governor Tiff Macklem talks about the importance of trade and exports to Canada’s economic recovery. He also talks about steps policy-makers and business can take to attract investment and improve competitiveness.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Coronavirus disease (COVID-19),
Monetary policy,
Productivity,
Service sector,
Trade integration
December 10, 2020
How quantitative easing works
Speech summary
Paul Beaudry
Greater Moncton Chamber of Commerce, the Fredericton Chamber of Commerce, and the Saint John Region Chamber of Commerce
Fredericton, New Brunswick,
Moncton, New Brunswick,
Saint John, New Brunswick
Deputy Governor Paul Beaudry explains the Bank’s quantitative easing program and its role in the economic recovery. He also discusses the Bank’s decision yesterday to leave the policy rate unchanged.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Coronavirus disease (COVID-19),
Inflation targets,
Monetary policy,
Monetary policy transmission
December 9, 2020
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program
The 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.
Content Type(s):
Press,
Press releases
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.
Market Notices
- January 11, 2021 Operational details for upcoming secondary market purchases of Government of Canada securities (January 18-January 28)
- December 18, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (January 4-15)
- December 18, 2020 Return to Standard Terms for Government of Canada Bond Auctions
- December 11, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (December 21-December 31)
- November 30, 2020 Summary of Comments – Fall 2020 Debt Management Strategy Consultations
Upcoming Events
- January 20, 2021 Interest Rate Announcement & Monetary Policy Report
- January 20, 2021 Press Conference: Monetary Policy Report
- February 15, 2021 Family Day
- March 10, 2021 Interest Rate Announcement
- April 2, 2021 Good Friday