Artificial intelligence is changing how much we produce and what work humans do. But we don’t yet know all the ways AI will affect the economy.

The Board of Directors of the Bank of Canada has initiated a recruitment process to fill the external Deputy Governor position left vacant by the appointment of Nicolas Vincent as a full-time Deputy Governor.

Her Excellency the Right Honourable Louise Arbour, Governor General of Canada, and the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), joined Bank of Canada Governor Tiff Macklem today at an event to unveil Canada’s new vertical $20 bank note featuring a portrait of His Majesty King Charles III.

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%.