Governor Poloz discusses the recent rise in financial market volatility and low long-term borrowing costs, and what they both mean for central bank credibility.
Thomson Reuters Benchmark Services Limited will become the administrator, calculation agent and publication agent for the Canadian Overnight Repo Rate Average (CORRA), effective 30 March 2015.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.