February 10, 2021
Changing how we pay
Deputy Governor Timothy Lane discusses how the pandemic has accelerated the digitalization of the economy.
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January 20, 2021
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
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Opening statements
January 20, 2021
Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing
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.
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Press releases
January 20, 2021
Monetary Policy Report – January 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.
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Publications,
Monetary Policy Report
January 11, 2021
Business Outlook Survey—Winter 2020–21
In the winter Business Outlook Survey, firms pointed to a continued recovery supported by strengthening domestic and foreign demand, particularly in goods-producing sectors. Still, firms expect the recovery to be uneven; in particular, businesses that have been hit hard by the pandemic anticipate challenging times ahead.
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Publications,
Business Outlook Survey