May 6, 2024
Bank of Canada updates progress on new $20 note
On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note.
Press Releases
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May 3, 2024
The Bank of Canada releases its 2023 Annual Report and Report on Climate Risks
The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The Bank of Canada also released its second annual report outlining the risks that climate change poses to its mandate and operations. -
April 10, 2024
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%. -
March 6, 2024
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%. -
January 24, 2024
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%. -
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. -
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. -
October 26, 2023
Bank of Canada announces appointment of Nick Leswick as Executive Director of Policy
The Bank of Canada today announced that Nick Leswick has been appointed to the new role of Executive Director of Policy, effective January 9, 2024. -
October 25, 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%. -
October 13, 2023
Bank of Canada designates additional prominent payment systems
Bank of Canada Governor Tiff Macklem has designated Visa Inc.’s VisaNet, Mastercard International Inc.’s Global Clearing Management System and Single Message System, and Interac Corp.’s Inter-Member Network as prominent payment systems under the Payment Clearing and Settlement Act, effective October 16, 2023.