Press Releases

• March 2, 2022

  Bank of Canada increases policy interest rate

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.

  Content Type(s): Press, Press releases
• February 22, 2022

  Bank of Canada announces 2021-2022 scholarship recipients

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards  for students with disabilities, Indigenous students and students who identify as a woman or as a member of a visible minority or racialized group.

  Content Type(s): Press, Press releases Source(s): Scholarship awards
• February 18, 2022

  Deputy Governor Lawrence Schembri to Retire from the Bank of Canada

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today that Deputy Governor Lawrence L. Schembri will retire on June 17, 2022.

  Content Type(s): Press, Press releases
• January 26, 2022

  Bank of Canada maintains policy rate, removes exceptional forward guidance

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.

  Content Type(s): Press, Press releases
• January 14, 2022

  Bank of Canada/OSFI pilot helps Canadian financial sector assess climate change risks

  Media Relations Ottawa, Ontario

  The Bank of Canada and Office of the Superintendent of Financial Institutions today released the results of a pilot project on climate scenario analysis.

  Content Type(s): Press, Press releases Research Topic(s): Climate change
• December 13, 2021

  Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Monetary Policy Framework

  Media Relations Ottawa, Ontario

  The objective of Canada's monetary policy is to promote the economic and financial well-being of Canadians. Experience has shown that the best way monetary policy can achieve this goal is by maintaining a low and stable inflation environment. Doing so supports a strong and inclusive labour market that provides every Canadian with opportunities for a good quality of life.

  Content Type(s): Press, Press releases
• December 8, 2021

  Bank of Canada maintains policy rate and forward guidance

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

  Content Type(s): Press, Press releases
• November 30, 2021

  Bank of Canada and partners host Symposium on Indigenous Economies

  Media Relations Ottawa, Ontario

  On November 29 and 30, the Bank of Canada, in partnership with the Tulo Centre of Indigenous Economics and Te Pūtea Matua (Reserve Bank of New Zealand), hosted the inaugural Symposium on Indigenous Economies.

  Content Type(s): Press, Press releases
• November 3, 2021

  Bank of Canada announces climate change commitments for COP26

  Media Relations Ottawa, Ontario

  Addressing climate change is a global challenge. While the Government of Canada has the primary responsibility for climate change policy, the Bank of Canada recognizes the importance of including climate change considerations in its work to promote the economic and financial welfare of Canadians.

  Content Type(s): Press, Press releases Research Topic(s): Climate change
• October 27, 2021

  Bank of Canada maintains policy rate and forward guidance, ends quantitative easing

  Media Relations Ottawa, Ontario

  The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

  Content Type(s): Press, Press releases