Press Releases

• April 26, 2022

  The Bank of Canada Releases Its Annual Report for 2021

  Media Relations Ottawa, Ontario

  The Bank of Canada’s Annual Report for 2021 was tabled in the House of Commons today. The Report is now available on the Bank’s website.

  Content Type(s): Press, Press releases
• April 13, 2022

  Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.

  Content Type(s): Press, Press releases
• March 23, 2022

  Bank of Canada to chair the Central Bank Network for Indigenous Inclusion in 2022

  Media Relations Ottawa, Ontario

  The Bank of Canada announced today it has officially begun a one-year term as chair of the Central Bank Network for Indigenous Inclusion (CBNII).

  Content Type(s): Press, Press releases
• March 16, 2022

  Bank of Canada and Massachusetts Institute of Technology announce joint Central Bank Digital Currency collaboration

  Media Relations Ottawa, Ontario

  The Bank of Canada and the Massachusetts Institute of Technology (MIT) today announced an agreement to collaborate on a twelve-month research project on Central Bank Digital Currency (CBDC).

  Content Type(s): Press, Press releases Research Topic(s): Digital currencies and fintech
• 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