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


July 13, 2018 Process for selecting a Deputy Governor of the Bank of Canada

Further to the announcement that Deputy Governor Sylvain Leduc will leave the Bank at the end of July, the process to appoint his successor has been initiated.
Content Type(s): Press, Announcements

July 11, 2018 Monetary Policy Report Press Conference Opening Statement

Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
Content Type(s): Press, Speeches

July 11, 2018 Bank of Canada raises overnight rate target to 1 ½ per cent

The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent.
Content Type(s): Press, Press Releases

July 11, 2018 Monetary Policy Report – July 2018

Real GDP in Canada is expected to grow by 2.0 per cent in 2018, 2.2 per cent in 2019 and 1.9 per cent in 2020.

June 29, 2018 Business Outlook Survey - Summer 2018

Supported by expectations of sustained demand, responses to the summer Business Outlook Survey point to continued business optimism, particularly outside the energy-producing regions. In this context, firms reported increasing pressures on capacity and prices.

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Exchange Rates

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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