News

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.

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.

As part of a panel of central bankers, Deputy Governor Lawrence Schembri speaks about economic reconciliation and why it is “completely consistent with the Bank’s mandate.”

Governor Tiff Macklem speaks about the need for a more inclusive economy and says “taking concrete steps toward economic reconciliation is our responsibility too.”

Deputy Governor Paul Beaudry speaks about the strength and resilience of the financial system throughout the COVID-19 pandemic and economic recovery. He also outlines key vulnerabilities and risks going forward.