We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable.


December 6, 2019

Bank of Canada Governor Stephen S. Poloz to step down in June 2020

The Board of Directors of the Bank of Canada announced today that Governor Stephen S. Poloz has informed them that he will not seek a second term as Governor when his seven-year term expires on June 2, 2020.
Content Type(s): Press, Press Releases
December 5, 2019

Canadian economy resilient despite global uncertainty

Timothy Lane Ottawa Board of Trade and Ottawa Business Journal Ottawa, Ontario
Speaking a day after we decided to hold interest rates steady, Deputy Governor Timothy Lane explained that Canada’s economy remains resilient.
December 4, 2019

Bank of Canada maintains overnight rate target at 1 ¾ percent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.
Content Type(s): Press, Press Releases
November 28, 2019

Bank of Canada announces finalists for the fifth annual Governor’s Challenge

The Bank of Canada has announced the five finalist teams in the 2019-20 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.
Content Type(s): Press, Press Releases
November 19, 2019

Canada’s financial system is resilient amid global uncertainty, Senior Deputy Governor Wilkins says

The Canadian financial system and economy are in good shape to deal with whatever storms might arise from a weakening global context, Senior Deputy Governor Carolyn A. Wilkins said today.
Content Type(s): Press, Press Releases

See More

Canadian dollar

Schedule of Key Interest Rate Announcements and Monetary Policy Report

Eight times a year, the Bank announces its decision on the setting of its key policy interest rate.

Follow the Bank