Posts

• April 22, 2021

  In focus: Diversity and inclusion

  In 2020, the Bank launched a comprehensive strategy to put diversity and inclusion into practice. This is the latest step in fostering a work environment where all employees feel safe and valued for their individual contributions and unique perspectives.
• April 22, 2021

  Governance

  Tiff Macklem was appointed Governor of the Bank for a seven-year term, effective June 3. Governor Macklem replaced former Governor Stephen S. Poloz, who left the Bank at the end of his seven-year term on June 2.
• April 22, 2021

  Mandate and planning framework

  The Bank of Canada is the nation’s central bank. Its mandate, as defined in the Bank of Canada Act, is “to promote the economic and financial welfare of Canada.” The Bank’s vision is to be a leading central bank—dynamic, engaged and trusted—committed to a better Canada.
• April 22, 2021

  Financial system

  Canada’s financial system has functioned well—helping Canadians weather the economic storm. And the financial system will play an important role in fostering a robust recovery.
• April 22, 2021

  2020 by the numbers

  A review of some key numbers related to the Bank of Canada’s work in 2020.

• Payments on Digital Platforms: Resiliency, Interoperability and Welfare

  Staff Working Paper 2021-19 Jonathan Chiu, Tsz-Nga Wong

  This paper studies the business model choice between running a cash platform and a token platform, as well as its welfare and policy implications.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Digital currencies and fintech, Monetary policy, Payment clearing and settlement systems JEL Code(s): E, E4, E5, L, L5
• April 21, 2021

  Bank of Canada statement on Monetary Policy Report embargo breach

  Media Relations Ottawa, Ontario

  The Bank of Canada expects all media organizations to respect the embargo conditions for its key publications.

  Content Type(s): Press, Press releases
• April 21, 2021

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem 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
• April 21, 2021

  Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

  Media Relations Ottawa, Ontario

  The Bank of Canada today held 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

• Potential output and the neutral rate in Canada: 2021 update

  Staff Analytical Note 2021-6 Dany Brouillette, Guyllaume Faucher, Martin Kuncl, Austin McWhirter, Youngmin Park

  We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Economic models, Interest rates, Labour markets, Monetary policy, Potential output, Productivity JEL Code(s): E, E2, E23, E24, E3, E37, E4, E43, E5, E52