Posts

• June 5, 2025

  Speech by Sharon Kozicki, Deputy Governor of the Bank of Canada

  On Thursday, June 5, 2025, Sharon Kozicki, Deputy Governor of the Bank of Canada, will speak before C.D. Howe Institute in Toronto.

  Content Type(s): Press, Media advisories
• June 4, 2025

  Radio-Canada Midi info

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with Midi info on Radio-Canada

  Content Type(s): Press, Media activities
• June 4, 2025

  Bank of Canada Media Interview – The Canadian Press

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Craig Lord of the Canadian Press.

  Content Type(s): Press, Media advisories
• June 4, 2025

  Bank of Canada Media Interview – Midi info

  Tiff Macklem, Governor of the Bank of Canada, will speak to Alec Castonguay of Ici Radio-Canada Première’s Midi info at around 12:10 p.m. (ET).

  Content Type(s): Press, Media advisories
• June 4, 2025

  Bank of Canada holds policy rate at 2¾%

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

  Content Type(s): Press, Press releases
• June 4, 2025

  Monetary Policy Decision Press Conference Opening Statement

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the monetary policy decision.

  Content Type(s): Press, Speeches and appearances, Opening statements
• June 4, 2025

  Bank of Canada Interest Rate Announcement

  On Wednesday, June 4, 2025, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. 

  Content Type(s): Press, Media advisories
• May 30, 2025

  Update on Changes to Canada’s Debt Distribution Framework

  The Bank of Canada and the Government of Canada (GoC) are announcing that adjustments to the GoC’s Debt Distribution Framework will come into effect on September 2, 2025.

  Content Type(s): Press, Market notices
• May 30, 2025

  Details on the reopening of off-the-run Government of Canada nominal bonds

  This document presents the operational details pertaining to reopening off-the run Government of Canada (GoC) nominal bonds.

• The Optimum Quantity of Central Bank Reserves

  Staff working paper 2025-15 Jonathan Witmer

  This paper analyzes the optimal quantity of central bank reserves in an economy where reserves and other financial assets provide liquidity benefits. Using a static model, I derive a constrained Friedman rule that characterizes the socially optimal level of reserves, demonstrating that this quantity is neither necessarily large nor small but depends on the marginal benefits of reserves relative to alternative safe assets.

  Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E41, E42, E5, E58, G, G2, G21, G28 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation, Monetary policy, Monetary policy tools and implementation