News

• April 18, 2017

  Embrace automation and manage its side effects, says Senior Deputy Governor Wilkins

  Media Relations Toronto, Ontario

  Automation, artificial intelligence and other innovations will benefit the Canadian economy by boosting productivity and living standards, but they could also have less desirable side effects on the labour market and income distribution that will have to be managed, Bank of Canada Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases
• April 18, 2017

  Blame It on the Machines?

  Remarks Carolyn A. Wilkins Toronto Region Board of Trade Toronto, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses how automation could affect productivity and the Bank’s monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): International topics, Labour markets, Market structure and pricing, Monetary policy transmission, Potential output, Productivity
• April 13, 2017

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Stephen S. Poloz Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Good morning, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are pleased to be back before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published yesterday. At the time of our last appearance in October, I spoke about the factors that caused us to downgrade our outlook for […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 12, 2017

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are happy to be before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published earlier today. When we were last here in October, I spoke about the factors that caused us to downgrade our outlook for the Canadian […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 12, 2017

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Carolyn A. Wilkins Ottawa, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Domestic demand and components, Housing, Monetary policy, Monetary policy and uncertainty, Potential output, Recent economic and financial developments
• April 12, 2017

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• April 12, 2017

  Monetary Policy Report – April 2017

  

  Canada’s economy is expected to grow by 2 1/2 per cent this year and just below 2 per cent in 2018 and 2019.

  Content Type(s): Publications, Monetary Policy Report
• April 7, 2017

  Bank of Canada unveils commemorative bank note to celebrate Canada’s 150th anniversary of Confederation

  Media Relations Ottawa, Ontario

  Bank of Canada Governor Stephen S. Poloz and Parliamentary Secretary to the Minister of Finance Ginette Petitpas Taylor today unveiled a commemorative $10 bank note celebrating the 150th anniversary of Confederation.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• April 7, 2017

  Unveiling of Commemorative Bank Note Marking the 150th Anniversary of Canada

  Remarks Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz unveils a new commemorative $10 bank note marking the 150th anniversary of Canada.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
• April 3, 2017

  Business Outlook Survey - Spring 2017

  The results of the spring Business Outlook Survey reflect signs of a further strengthening of domestic demand following overall subdued activity over the past two years. This outlook is supported by foreign demand and an expected rebound in activity in energy-producing regions.

  Content Type(s): Publications, Business Outlook Survey