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

News

March 31, 2020

Bank of Canada welcomes use of new liquidity facility by financial institutions

The Bank of Canada today welcomed the move by a number of Canadian banks, including the six largest, to draw on its new Standing Term Liquidity Facility (STLF).
Content Type(s): Press, Press Releases
March 30, 2020

Bank of Canada announces successful launch of standing term liquidity facility

The Bank of Canada announced today that it successfully launched its new Standing Term Liquidity Facility (STLF).
Content Type(s): Press, Press Releases
March 27, 2020

Press Conference Opening Statement – March 27, 2020

Opening Statement Stephen S. Poloz Ottawa, Ontario
This unscheduled rate decision brings the policy rate to its effective lower bound, to provide support to the Canadian financial system and to the economy during the COVID-19 pandemic.
Content Type(s): Press, Speeches
March 27, 2020

Bank of Canada lowers overnight rate target to ¼ percent

Media Relations Ottawa, Ontario
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.
Content Type(s): Press, Press Releases
March 24, 2020

COVID-19: Actions to Support the Economy and Financial System

Learn about the economic impact of the COVID-19 pandemic and the Bank’s actions to support the Canadian economy and financial system.
Content Type(s): Press, Announcements

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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.