December 7, 2023
We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.
News
December 6, 2023
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
Content Type(s):
Press,
Press releases
November 29, 2023
What we heard: Bank of Canada publishes report on digital dollar consultations, outlines further engagement plans
The Bank of Canada today published a report summarizing the feedback it has received to date about a potential digital Canadian dollar.
Content Type(s):
Press,
Press releases
November 28, 2023
Moving money with confidence: Canada’s new regime for retail payments supervision
Executive Director of Supervision Ron Morrow discusses the creation and coming into force of a new supervision regime to oversee retail payments.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Retail payments supervision
November 27, 2023
The Bank of Canada has announced the five finalist teams in the 2023–24 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.
Bank of Canada announces finalists for the ninth annual Governor’s Challenge
Content Type(s):
Press,
Announcements
Source(s):
The Governor's Challenge
The government just released the final regulations for the Retail Payment Activities Act!
— Bank of Canada (@bankofcanada) November 23, 2023
Learn what it means for payment service providers.
Registration with us begins on November 1, 2024. https://t.co/lVS1QOnFxv #FinTech pic.twitter.com/1hkijVzDsy
Canadian dollar
Market notices
- November 30, 2023 CARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR
- November 16, 2023 CARR publishes recommended conventions for Term CORRA swaps
- October 26, 2023 Bank of Canada announces changes to Overnight Reverse Repo operations
- October 16, 2023 CFIF recommends path for winding down BA market
- September 13, 2023 CFIF publishes an update on the transition away from BAs
Upcoming events
- December 15, 2023 Speech: Tiff Macklem, Governor
- December 20, 2023 Publication: Summary of Deliberations
- December 25, 2023 Christmas Day
- December 26, 2023 Boxing Day
- January 1, 2024 New Year's Day