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As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

The Bank of Canada is pleased to announce that Université de Sherbrooke has won the seventh annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

Deputy Governor Toni Gravelle discusses some important changes that may be coming to Canada’s interest rate benchmarks.

The Canadian Alternative Reference Rate working group (CARR) welcomes the publication by the administrator of CDOR, Refinitiv Benchmark Services (UK) Limited (RBSL), of a consultation document on the potential permanent cessation of the Canadian Dollar Offered Rate (CDOR).

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

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.

The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2021 semi-annual survey of foreign exchange volumes in Canada.