We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.


June 17, 2019

The Merits of a Floating Exchange Rate

Lawrence L. Schembri Economics Society of Northern Alberta (ESNA) Edmonton, Alberta
Deputy Governor Lawrence Schembri explains how Canada’s monetary policy framework—inflation targeting underpinned by a flexible exchange rate—has proved to be the most durable in the post-war period.
June 3, 2019

Fraudulent Investment Scheme

The Bank of Canada (“Bank”) has become aware of a fraudulent investment scheme on the part of World Way Capital (“WWC”).
Content Type(s): Press, Announcements
May 31, 2019

Changes to legal tender status will take effect in 2021

In accordance with amendments to the Bank of Canada Act and the Currency Act approved by Parliament in 2018, the federal government recently decided to remove legal tender status from some older bank notes as of January 1, 2021.
Content Type(s): Press, Press Releases
May 30, 2019

Economic progress depends on business investment

Carolyn A. Wilkins Calgary Chamber of Commerce Calgary, Alberta
Senior Deputy Governor Carolyn A. Wilkins talks about the importance of business investment to the Canadian economy and reviews the latest interest rate decision.
May 29, 2019

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
Content Type(s): Press, Press Releases

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Canadian dollar

Schedule of Key Interest Rate Announcements and Monetary Policy Report

Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.

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