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The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

Deputy Governor Timothy Lane discusses the causes of the recent drop in oil prices and its effects on the global and Canadian economies.

The Bank of Canada will continue, in exceptional circumstances, to allow participants in the Large Value Transfer System (LVTS) to submit, on a same-day basis, requests to lift the 20 per cent limit of total collateral value pledged that can be the non-mortgage loan portfolio (NMLP).

Results of today's term repo for balance sheet management purposes operation.

The Bank of Canada announced today that it will conduct a Term Repo for Balance Sheet Management Purposes operation.

The Bank of Canada today published a summary of the comments it received in an online consultation on the principles guiding the design of the country’s bank notes.

Results of today's term repo for balance sheet management purposes operation.

The Bank of Canada announced today that it will conduct a Term Repo for Balance Sheet Management Purposes operation.

Global financial reforms have made the financial system safer, but regulators must ensure that the new rules do not stifle innovation, Bank of Canada Governor Stephen S. Poloz said today in a speech in New York on the future of the financial industry. “I see such innovation in financial intermediation as essential to fostering regulatory […]