News

Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are happy to be before you today to discuss the Bank’s Monetary Policy Report (MPR), which we published earlier today. When we were last here in October, I spoke about the factors that caused us to downgrade our outlook for the Canadian […]

Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

Canada’s economy is expected to grow by 2 1/2 per cent this year and just below 2 per cent in 2018 and 2019.

Bank of Canada Governor Stephen S. Poloz and Parliamentary Secretary to the Minister of Finance Ginette Petitpas Taylor today unveiled a commemorative $10 bank note celebrating the 150th anniversary of Confederation.