We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
June 17, 2019
The Merits of a Floating Exchange Rate
Deputy Governor Lawrence Schembri explains how Canada’s monetary policy framework—inflation targeting underpinned by a flexible exchange rate—has proved to be the most durable in the post-war period.
Content Type(s):
Press,
Speeches
Topic(s):
Exchange rate regimes,
Exchange rates,
Financial markets,
Inflation targets,
Monetary policy framework
June 3, 2019
The Bank of Canada (“Bank”) has become aware of a fraudulent investment scheme on the part of World Way Capital (“WWC”).
Fraudulent Investment Scheme
Content Type(s):
Press,
Announcements
May 31, 2019
Changes to legal tender status will take effect in 2021
In accordance with amendments to the Bank of Canada Act and the Currency Act approved by Parliament in 2018, the federal government recently decided to remove legal tender status from some older bank notes as of January 1, 2021.
Content Type(s):
Press,
Press Releases
May 30, 2019
Economic progress depends on business investment
Senior Deputy Governor Carolyn A. Wilkins talks about the importance of business investment to the Canadian economy and reviews the latest interest rate decision.
Content Type(s):
Press,
Speeches
Topic(s):
Interest rates,
Monetary Policy,
Potential output,
Productivity,
Recent economic and financial developments
May 29, 2019
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
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.
Upcoming Events
- July 10, 2019
Press Conference - Monetary Policy Report
- September 4, 2019
Media Lock-up - Interest Rate Announcement