January 20, 2021
Access news on the Bank’s actions to support the economy and financial system during the COVID‑19 pandemic.
Monetary policy
January 20, 2021
While a second wave of COVID-19 is hurting Canadians now, the economy should rebound strongly later in the year. The Bank is forecasting growth of around 4 percent this year and close to 5 percent in 2022.
Monetary Policy Report – January 2021
Content Type(s):
Publications,
Monetary Policy Report
December 9, 2020
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program
The Bank of Canada today maintained 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
Support to key financial markets
September 20, 2021
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).
Operational details for upcoming secondary market purchases of Government of Canada securities (September 27–October 8)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
September 3, 2021
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).
Operational details for upcoming secondary market purchases of Government of Canada securities (September 13–24)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
August 23, 2021
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).
Operational details for upcoming secondary market purchases of Government of Canada securities (August 30-September 10)
Content Type(s):
Press,
Market notices
Source(s):
Government of Canada Bond Purchase Program
Liquidity for individual financial institutions
March 19, 2020
The Bank of Canada (the Bank) is announcing the launch of its new liquidity facility, the Standing Term Liquidity Facility (STLF), effective March 30, 2020.
Bank of Canada launches the Standing Term Liquidity Facility
Content Type(s):
Press,
Market notices
Source(s):
Standing Term Liquidity Facility
March 18, 2020
Under its Standing Liquidity Facility (SLF), the Bank of Canada is prepared to provide liquidity on a daily basis to financial institutions that participate directly in the payments systems operated by Payments Canada. Loans made by the Bank of Canada must be fully collateralized.
Additional Temporary Changes to the Bank of Canada’s Standing Liquidity Facility Collateral Policy Regarding the Non-Mortgage Loan Portfolio and Settlement Balances
Content Type(s):
Press,
Market notices
Source(s):
Standing Liquidity Facility
March 16, 2020
Under its Standing Liquidity Facility (SLF), the Bank of Canada is prepared to provide liquidity on a daily basis to financial institutions that participate directly in the payments systems operated by Payments Canada. Loans made by the Bank of Canada must be fully collateralized.
Temporary Changes to the Bank of Canada’s Standing Liquidity Facility (SLF) Collateral Policy Regarding the Non-Mortgage Loan Portfolio (NMLP) and Settlement Balances
Content Type(s):
Press,
Market notices
Source(s):
Standing Liquidity Facility
Speeches and statements
June 16, 2021
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Opening statement
Tiff Macklem
Standing Senate Committee on Banking, Trade and Commerce
Ottawa, Ontario
June 10, 2021
The digital transformation and Canada’s economic resilience
Remarks (delivered virtually)
Timothy Lane
Advocis Western Canada Chapters
Edmonton, Alberta,
Vancouver, British Columbia,
Winnipeg, Manitoba
Deputy Governor Tim Lane talks about the Bank’s latest interest rate announcement and discusses how the digital transformation has supported resilience through the pandemic and may be adding to the economy’s growth potential.
May 13, 2021
The benefits of an inclusive economy
Governor Tiff Macklem talks about diversity and inclusion are important for the Bank of Canada, for the economics and finance profession, and for the Canadian economy.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Coronavirus disease (COVID-19),
Financial services,
Monetary policy,
Potential output