Press

• February 7, 2023

  Higher interest rates are working

  Speech summary Tiff Macklem CFA Québec Québec, Québec

  Governor Tiff Macklem explains how the Bank of Canada’s increases to the policy interest rate will cool the economy and bring inflation down.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
• February 7, 2023

  CFEC Releases Results of October 2022 Foreign Exchange Volume Survey

  The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2022 semi-annual survey of foreign exchange volumes in Canada.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
• February 6, 2023

  University of Alberta crowned National Champion of The Governor’s Challenge

  The Bank of Canada is pleased to announce the University of Alberta has won the eighth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Announcements Source(s): The Governor's Challenge
• January 27, 2023

  Bank of Canada announces change to maximum bid rate for securities repo operations

  The Bank of Canada is announcing a change to the pricing of the securities repo operations (SRO).

  Content Type(s): Press, Market notices
• January 25, 2023

  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
• January 25, 2023

  Press Conference: Monetary Policy Report – January 2023

  

  

  Release of the Monetary Policy Report — Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.).

  Content Type(s): Press, Speeches and appearances, Webcasts
• January 25, 2023

  Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%.

  Content Type(s): Press, Press releases
• January 16, 2023

  CFIF publishes White Paper on the impact of CDOR cessation on Bankers’ Acceptance market

  With the cessation of Canadian Dollar Offer Rate’s (CDOR) publication in June 2024, it is expected that Bankers’ Acceptance (BA) will cease to exist as a money market instrument.

  Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
• January 16, 2023

  Bank of Canada announces appointment of non-executive Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Nicolas Vincent as the Bank’s new external, non-executive Deputy Governor for a term of two years, effective March 13, 2023.

  Content Type(s): Press, Press releases
• January 11, 2023

  CARR announces development of a Term CORRA benchmark

  The announcement today confirms that efforts are underway to develop a 1- and 3-month Term CORRA benchmark with the objective of making such benchmarks available for use by the end of Q3-2023.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group