News
March 27, 2020
Press Conference Opening Statement – March 27, 2020
This unscheduled rate decision brings the policy rate to its effective lower bound, to provide support to the Canadian financial system and to the economy during the COVID-19 pandemic.
March 27, 2020
Bank of Canada lowers overnight rate target to ¼ percent
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.
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Press Releases
March 24, 2020
Learn about the economic impact of the COVID-19 pandemic and the Bank’s actions to support the Canadian economy and financial system.
COVID-19: Actions to Support the Economy and Financial System
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Announcements
Media Advisories
March 27, 2020
On Friday, March 27, 2020 Stephen S. Poloz, Governor of the Bank of Canada, and Carolyn A. Wilkins, Senior Deputy Governor, will hold a press conference via teleconference.
Governor and Senior Deputy Governor of the Bank of Canada to hold press conference
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Media Advisories
March 5, 2020
On Thursday, March 5, 2020, Stephen S. Poloz, Governor of the Bank of Canada, will speak before Women in Capital Markets.
Speech by Stephen S. Poloz, Governor of the Bank of Canada
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Media Advisories
March 5, 2020
Stephen S. Poloz, Governor of the Bank of Canada, will give a live interview to Amanda Lang of BNN Bloomberg. The interview will air today at 15:00 (Eastern Time) on The Close. Please check local listings or go to https://www.bnnbloomberg.ca/ for more information.
Bank of Canada Media Interview – BNN Bloomberg
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Media Advisories
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RDI économie
Carolyn A. Wilkins, Senior Deputy Governor of the Bank of Canada
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March 5, 2020 Women in Capital Markets - Press Conference (Webcasts)
Economic Progress Report - Stephen S. Poloz, the Governor of the Bank of Canada, speaks before Women in Capital Markets (14:15 (Eastern Time) approx.)
Policy Interest Rate
Changes in the key interest rate influence other interest rates, and so affect people’s spending decisions.
Upcoming Events
- April 6, 2020
Publication - Business Outlook Survey
- April 15, 2020
Press Conference - Monetary Policy Report
- May 14, 2020
Publication - Financial System Review
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Our consultants are available from 08:30 to 17:00 ET, Monday to Friday. We will normally reply to all media calls and emails within four hours.
Telephone: 613 782-8782 communications@bankofcanada.ca
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