The Bank of Canada today announced the finalists for the 2017–18 edition of The Governor’s Challenge, a competition in which university students simulate the role of advisor to the Bank’s Governing Council.
November 28, 2017 Vulnerabilities in the Canadian financial system remain elevated, but elements for improvement are emergingThe high level of household indebtedness and housing market imbalances remain the most important vulnerabilities identified by the Bank of Canada in its Financial System Review (FSR), published today. While these vulnerabilities are still elevated, improving economic conditions and recent changes to housing policy should support an easing of these vulnerabilities over time.
November 15, 2017 Bank of Canada and Bank of Korea sign currency swap agreementThe Bank of Canada and the Bank of Korea today announced a standing bilateral liquidity swap arrangement, effective immediately.
November 3, 2017 Statement on the Nomination of a New Federal Reserve ChairThe Bank of Canada congratulates Jerome Powell on his nomination as the new Chair of the Board of Governors of the Federal Reserve System.
October 25, 2017 Bank of Canada maintains overnight rate target at 1 per centThe Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
September 27, 2017 Monetary policy data dependent given unknowns in inflation outlook, Bank of Canada Governor Poloz saysThe Bank of Canada’s approach to monetary policy has become particularly data dependent, because of significant unknowns around the inflation outlook as the Canadian economy nears its potential, Governor Stephen S. Poloz said today.
The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2018 Fellowship and Governor’s awards.